Nerdy (NYSE:NRDY) Stock: Insider Christopher Swenson Sells 3,330 Shares

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 3,330 shares of Nerdy stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $5.98, for a total value of $19,913.40. Following the transaction, the insider owned 159,520 shares of the company’s stock, valued at $953,929.60. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Price Performance

NRDY stock traded up $0.32 on Tuesday, reaching $6.37. The company had a trading volume of 48,344 shares, compared to its average volume of 39,988. Nerdy Inc. has a 1 year low of $5.57 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.70 and a current ratio of 2.70. The company’s fifty day moving average is $8.81 and its 200 day moving average is $11.55. The company has a market cap of $81.36 million, a P/E ratio of -1.70 and a beta of 1.79.

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

Analyst Upgrades and Downgrades

NRDY has been the topic of a number of analyst reports. Wall Street Zen lowered Nerdy from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nerdy in a research report on Thursday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nerdy has a consensus rating of “Reduce” and an average price target 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.