Samuel Yount Sells 76,185 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 76,185 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $13.40, for a total transaction of $1,020,879.00. Following the sale, the insider now owns 522,656 shares of the company’s stock, valued at approximately $7,003,590.40. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Samuel Yount also recently made the following trade(s):

• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The stock was sold at an average price of $13.39, for a total value of $955,255.99.
• On Wednesday, December 11th, Samuel Yount sold 65,167 shares of NerdWallet stock. The stock was sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Stock Performance

NRDS stock traded down $0.16 during trading on Tuesday, reaching $13.31. 583,630 shares of the company were exchanged, compared to its average volume of 458,435. The company has a market cap of $977.49 million, a P/E ratio of -96.06 and a beta of 1.31. The stock’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.37. NerdWallet, Inc. has a 52-week low of $10.10 and a 52-week high of $17.30.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The firm had revenue of $191.30 million during the quarter, compared to analyst estimates of $168.25 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, equities research analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

NRDS has been the topic of several research reports. Morgan Stanley lifted their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, KeyCorp boosted their target price on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Trading of NerdWallet

A number of institutional investors and hedge funds have recently modified their holdings of NRDS. Quarry LP purchased a new position in shares of NerdWallet in the second quarter worth approximately $31,000. nVerses Capital LLC acquired a new position in NerdWallet during the third quarter valued at $62,000. US Bancorp DE purchased a new stake in NerdWallet in the 3rd quarter worth about $86,000. Intech Investment Management LLC acquired a new stake in shares of NerdWallet during the third quarter worth approximately $135,000. Finally, TNF LLC acquired a new position in shares of NerdWallet in the third quarter worth $178,000. 38.81% of the stock is owned by institutional investors and hedge funds.

About NerdWallet

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.