NerdWallet (NASDAQ:NRDS) Stock Price Down 5.7%

NerdWallet, Inc. (NASDAQ:NRDS) shares fell 5.7% during mid-day trading on Tuesday . The stock traded as low as $14.40 and last traded at $14.41. 66,805 shares changed hands during trading, a decline of 79% from the average session volume of 321,689 shares. The stock had previously closed at $15.28.

NerdWallet Stock Up 2.9 %

The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -86.11 and a beta of 1.46. The company’s 50-day moving average price is $13.96 and its 200-day moving average price is $14.60.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $161.90 million for the quarter, compared to analysts’ expectations of $156.95 million. NerdWallet had a negative net margin of 2.10% and a negative return on equity of 3.36%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, sell-side analysts predict that NerdWallet, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at NerdWallet

In related news, Director Jennifer Ceran sold 5,897 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $13.70, for a total value of $80,788.90. Following the sale, the director now owns 36,099 shares of the company’s stock, valued at $494,556.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Samuel Yount sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $14.66, for a total value of $73,300.00. Following the sale, the vice president now owns 2,341,971 shares of the company’s stock, valued at $34,333,294.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jennifer Ceran sold 5,897 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $13.70, for a total transaction of $80,788.90. Following the completion of the sale, the director now directly owns 36,099 shares in the company, valued at approximately $494,556.30. The disclosure for this sale can be found here. Corporate insiders own 45.93% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

Hedge funds have recently added to or reduced their stakes in the stock. G2 Investment Partners Management LLC purchased a new position in NerdWallet in the fourth quarter valued at approximately $2,463,000. Pinebridge Investments L.P. increased its stake in NerdWallet by 76.1% in the fourth quarter. Pinebridge Investments L.P. now owns 74,509 shares of the company’s stock valued at $1,096,000 after purchasing an additional 32,196 shares during the last quarter. Vanguard Group Inc. increased its stake in NerdWallet by 5.6% in the third quarter. Vanguard Group Inc. now owns 3,526,688 shares of the company’s stock valued at $31,352,000 after purchasing an additional 187,422 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in NerdWallet in the fourth quarter valued at approximately $239,000. Finally, Trexquant Investment LP increased its stake in NerdWallet by 2.7% in the fourth quarter. Trexquant Investment LP now owns 42,959 shares of the company’s stock valued at $632,000 after purchasing an additional 1,133 shares during the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.