Nerdy (NYSE:NRDY) Insider Sells $19,913.40 in Stock

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 3,330 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $5.98, for a total transaction of $19,913.40. Following the completion of the transaction, the insider owned 159,520 shares of the company’s stock, valued at approximately $953,929.60. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Stock Performance

Nerdy stock opened at $5.78 on Friday. The firm’s 50 day simple moving average is $8.51 and its 200-day simple moving average is $11.42. The company has a market cap of $73.84 million, a P/E ratio of -1.54 and a beta of 1.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.70. Nerdy Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $22.35.

Nerdy (NYSE:NRDY) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.71. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. The business had revenue of $43.23 million for the quarter, compared to analyst estimates of $43.00 million. As a group, equities research analysts predict that Nerdy Inc. will post -2.55 EPS for the current year.

Analysts Set New Price Targets

NRDY has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, October 15th. Wall Street Zen cut Nerdy from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $15.00.

About Nerdy

Nerdy, Inc operates an online learning platform through its flagship brand, Varsity Tutors. The company connects students and families with instructors and provides live, technology-enabled academic support across a range of subjects and grade levels.

Its offerings include one-on-one tutoring, small-group classes, test preparation, homework help, enrichment programs and instruction for professional or vocational skills. The platform is designed to support learners from elementary school through college and adulthood, with services delivered through online classrooms and other digital tools.

Founded in 2007, Nerdy is headquartered in St.