Nerdy (NYSE:NRDY) CFO Sells $14,082.90 in Stock

Nerdy Inc. (NYSE:NRDY) CFO Atul Madan Mohan Bagga sold 2,355 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $5.98, for a total transaction of $14,082.90. Following the sale, the chief financial officer directly owned 95,215 shares in the company, valued at $569,385.70. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Trading Down 7.4%

Shares of NYSE NRDY opened at $5.78 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.70 and a current ratio of 2.70. Nerdy Inc. has a 52-week low of $5.57 and a 52-week high of $22.35. The firm has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $11.42. The stock has a market cap of $73.84 million, a P/E ratio of -1.54 and a beta of 1.79.

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 the consensus estimate of ($0.75) by $0.71. The firm had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.00 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. As a group, equities analysts forecast that Nerdy Inc. will post -2.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NRDY. Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, October 15th. Wall Street Zen lowered Nerdy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nerdy presently has an average rating of “Reduce” and an average target price of $15.00.

Nerdy Company Profile

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.