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 dated Friday, October 16th. The shares were sold at an average price of $5.98, for a total value of $19,913.40. Following the completion of the transaction, the insider owned 159,520 shares of the company’s stock, valued at $953,929.60. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Stock Performance

Shares of Nerdy stock opened at $6.17 on Thursday. The business has a 50-day simple moving average of $8.62 and a 200-day simple moving average of $11.47. 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 one year low of $5.57 and a one year high of $22.35. The company has a market cap of $78.92 million, a PE ratio of -1.65 and a beta of 1.79.

Nerdy (NYSE:NRDY) last issued its earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $43.23 million for the quarter, compared to analysts’ expectations of $43.00 million. On average, equities research analysts forecast that Nerdy Inc. will post -2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have 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 downgraded shares of 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. According to data from MarketBeat, Nerdy has a consensus rating of “Reduce” and a consensus 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.