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Christopher C. Swenson, Chief Legal Officer at Nerdy Inc. (NYSE:NRDY), an education technology company with impressive gross profit margins of 67.5%, has sold 19,126 shares of the company’s Class A Common Stock, according to a recent SEC filing. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 2.28. The shares were sold at an average price of $1.54 each, totaling $29,454. Following the transaction, Swenson holds 1,665,902 shares, including both common stock and restricted stock units. The sale was made to cover tax obligations related to the vesting of restricted stock units. The stock, which has shown significant volatility, has gained over 50% in the past six months, and according to InvestingPro’s Fair Value model, appears slightly undervalued at its current market cap of $270 million. For deeper insights into insider trading patterns and 8 additional key ProTips, visit InvestingPro’s comprehensive research platform.
In other recent news, Nerdy Inc. reported its Q4 2024 earnings with revenue totaling $48 million, surpassing the expected $44.94 million despite a 13% year-over-year decline. The company’s performance exceeded several key financial metrics, including revenue, operating income, and free cash flow, as noted by Cantor Fitzgerald analyst Brett Knoblauch. Nerdy’s strategic focus on artificial intelligence (AI) appears to be a significant factor in this achievement, with the introduction of AI-driven products aimed at enhancing the learning experience. These innovations are expected to drive growth, particularly in the Consumer segment, throughout 2025.
The company also reported an adjusted EBITDA loss of $5.5 million, compared to a positive $3 million in the same quarter of the previous year. Looking ahead, Nerdy projects its 2025 revenue to be between $190 million and $200 million, with an expectation to achieve EBITDA and cash flow positivity by Q4 2025. Analyst feedback from firms like Cantor Fitzgerald suggests optimism about Nerdy’s future prospects, given its AI advancements and improved sales strategies. While the company faces challenges in profitability and market consolidation, its recent developments indicate a potential turnaround.
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