Nerdy (NYSE:NRDY) CFO Atul Madan Mohan Bagga Sells 2,355 Shares of Stock

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

Nerdy Trading Up 5.2%

Shares of NYSE NRDY opened at $6.37 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market capitalization of $81.36 million, a P/E ratio of -1.70 and a beta of 1.79. Nerdy Inc. has a 1-year low of $5.57 and a 1-year high of $22.35. The business has a fifty day moving average price of $8.71 and a 200 day moving average price of $11.51.

Nerdy (NYSE:NRDY) last posted its 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 company had revenue of $43.23 million for the quarter, compared to analyst estimates of $43.00 million. Nerdy had a negative return on equity of 100.13% and a negative net margin of 16.99%. Equities research analysts expect that Nerdy Inc. will post -2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Nerdy in a report on Thursday, October 15th. Wall Street Zen lowered shares of Nerdy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nerdy 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.