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

Nerdy Inc. (NYSE:NRDY) CFO Atul Madan Mohan Bagga sold 2,355 shares of Nerdy stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $5.98, for a total value 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 sale 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 Stock Performance

NYSE:NRDY opened at $6.17 on Thursday. The stock has a market cap of $78.92 million, a P/E ratio of -1.65 and a beta of 1.79. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.75. The stock’s 50-day moving average is $8.62 and its 200-day moving average is $11.47. Nerdy Inc. has a 1-year low of $5.57 and a 1-year high of $22.35.

Nerdy (NYSE:NRDY) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 anticipate that Nerdy Inc. will post -2.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on NRDY. Wall Street Zen cut shares of Nerdy from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nerdy in a research note on Thursday, October 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently 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.