Insider Selling: Nerdy (NYSE:NRDY) Insider Sells $19,913.40 in Stock

Key Points

• Nerdy insider Christopher Swenson sold 3,330 shares for approximately $19,913 at an average price of $5.98. The sale, which covered tax withholding tied to vested equity awards, reduced his direct holdings by 2.04% to 159,520 shares.
• Nerdy shares recently traded at $6.37, near the lower end of their $5.57–$22.35 52-week range. The company has a market capitalization of about $81.4 million and remains unprofitable, with a negative net margin and analysts expecting a full-year loss.
• Analyst sentiment is bearish: Nerdy has a consensus “Reduce” rating, including Hold and Sell recommendations, despite an average price target of $15.00.

Nerdy Inc. (NYSE:NRDY - Get Free Report) insider Christopher Swenson sold 3,330 shares of the business's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $5.98, for a total transaction of $19,913.40. Following the sale, the insider directly owned 159,520 shares in the company, valued at approximately $953,929.60. This represents a 2.04% decrease in their position. 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 Price Performance

NRDY traded up $0.32 on Tuesday, hitting $6.37. 48,344 shares of the company were exchanged, compared to its average volume of 39,988. Nerdy Inc. has a fifty-two week low of $5.57 and a fifty-two week 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 firm has a market capitalization of $81.36 million, a P/E ratio of -1.70 and a beta of 1.79. The business's fifty day moving average is $8.81 and its 200 day moving average is $11.55.

Nerdy (NYSE:NRDY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 16.99% and a negative return on equity of 100.13%. As a group, sell-side analysts anticipate that Nerdy Inc. will post -2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NRDY shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a report on Thursday. Wall Street Zen downgraded Nerdy from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average 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.

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