Nerdy Inc. (NYSE:NRDY – Get Free Report) CFO Atul Madan Mohan Bagga sold 2,355 shares of the business’s 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 $14,082.90. Following the transaction, the chief financial officer owned 95,215 shares of the company’s stock, valued at approximately $569,385.70. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nerdy Price Performance
Shares of NRDY stock traded up $0.32 on Tuesday, reaching $6.37. The company had a trading volume of 48,344 shares, compared to its average volume of 39,988. Nerdy Inc. has a one year low of $5.57 and a one year high of $22.35. 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 stock has a market capitalization of $81.36 million, a PE ratio of -1.70 and a beta of 1.79. The business’s 50-day moving average is $8.81 and its 200 day moving average is $11.55.
Nerdy (NYSE:NRDY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.71. The company had revenue of $43.23 million for the quarter, compared to analysts’ expectations 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 forecast that Nerdy Inc. will post -2.55 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented 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 reissued a “sell (e+)” rating on shares of Nerdy in a research report on Thursday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $15.00.
Get Our Latest Report on Nerdy
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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