Key Points
- Nerdy CFO Atul Madan Mohan Bagga sold 2,355 shares at an average price of $5.98, generating $14,082.90. The sale covered tax-withholding obligations tied to vested equity awards, reducing his holdings by 2.41% to 95,215 shares.
- Nerdy shares opened at $6.37, near the company’s 52-week low of $5.57 and well below its 52-week high of $22.35. The stock has a market capitalization of approximately $81.36 million and remains unprofitable.
- Analyst sentiment is negative, with ratings of Hold and Sell producing a consensus rating of “Reduce” and a $15.00 target price. In its latest quarter, Nerdy reported a $0.04 loss per share and $43.23 million in revenue.
Nerdy Inc. (NYSE:NRDY - Get Free Report) CFO Atul Madan Mohan Bagga sold 2,355 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $569,385.70. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 $6.37 on Wednesday. The firm has a market capitalization of $81.36 million, a P/E ratio of -1.70 and a beta of 1.79. 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 50 day moving average price of $8.71 and a 200 day moving average price of $11.51. Nerdy Inc. has a 52 week low of $5.57 and a 52 week high of $22.35.
Nerdy (NYSE:NRDY - Get Free Report) last released its 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 company had revenue of $43.23 million during the quarter, compared to analysts' expectations of $43.00 million. Nerdy had a negative net margin of 16.99% and a negative return on equity of 100.13%. Sell-side analysts expect that Nerdy Inc. will post -2.55 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Nerdy from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of Nerdy in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $15.00.
Get Our Latest Stock Analysis on NRDY
Nerdy Company Profile
(
Get Free Report)
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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