Insider Selling: Nerdy (NYSE:NRDY) CFO Sells $14,082.90 in Stock

Key Points

• Nerdy CFO Atul Madan Mohan Bagga sold 2,355 shares for approximately $14,083 at an average price of $5.98, reducing his direct ownership by 2.41%. The sale covered tax-withholding obligations tied to vested equity awards.
• Nerdy shares rose 5.2% to $6.37, but remain well below the 52-week high of $22.35. The company reported a quarterly loss of $0.04 per share, beating estimates, with revenue of $43.23 million.
• Analyst sentiment remains cautious: Nerdy has a consensus “Reduce” rating, with one Hold and one Sell rating, despite a consensus price target of $15.00.

Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Atul Madan Mohan Bagga sold 2,355 shares of the business's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $5.98, for a total transaction of $14,082.90. Following the completion of the sale, the chief financial officer directly owned 95,215 shares in the company, valued at $569,385.70. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nerdy Stock Up 5.2%

Shares of NYSE:NRDY traded up $0.32 during mid-day trading on Tuesday, reaching $6.37. 48,344 shares of the stock were exchanged, compared to its average volume of 39,988. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.75. The company has a market cap of $81.36 million, a P/E ratio of -1.70 and a beta of 1.79. Nerdy Inc. has a one year low of $5.57 and a one year high of $22.35. The stock's 50 day simple moving average is $8.81 and its 200-day simple moving average is $11.55.

Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly 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 firm had revenue of $43.23 million for the quarter, compared to analyst estimates of $43.00 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. As a group, equities research analysts predict that Nerdy Inc. will post -2.55 EPS for the current year.

Analyst Ratings Changes

NRDY has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Nerdy from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nerdy in a report on Thursday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price 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.

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