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

Nerdy Inc. (NYSE:NRDY) insider Christopher Swenson sold 3,330 shares of Nerdy stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $5.98, for a total transaction 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. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Trading Up 5.2%

Shares of NRDY stock opened at $6.37 on Wednesday. The company’s fifty day simple moving average is $8.71 and its two-hundred day simple moving average is $11.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.70 and a quick ratio of 2.70. Nerdy Inc. has a 1 year low of $5.57 and a 1 year high of $22.35. The stock has a market capitalization of $81.36 million, a price-to-earnings ratio of -1.70 and a beta of 1.79.

Nerdy (NYSE:NRDY) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.71. The firm had revenue of $43.23 million during 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%. As a group, analysts anticipate that Nerdy Inc. will post -2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NRDY shares. Weiss Ratings reaffirmed 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 report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock 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.