NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $40,390.35 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,003 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $13.45, for a total transaction of $40,390.35. Following the completion of the sale, the insider now owns 401,101 shares in the company, valued at $5,394,808.45. This represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 2nd, Samuel Yount sold 440,336 shares of NerdWallet stock. The shares were sold at an average price of $13.49, for a total transaction of $5,940,132.64.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The stock was sold at an average price of $13.14, for a total transaction of $2,029,670.10.
• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The shares were sold at an average price of $13.39, for a total transaction of $955,255.99.
• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The stock was sold at an average price of $13.40, for a total value of $1,020,879.00.
• On Wednesday, December 11th, Samuel Yount sold 65,167 shares of NerdWallet stock. The shares were sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Stock Performance

NerdWallet stock traded up $0.20 during mid-day trading on Thursday, hitting $13.50. The company’s stock had a trading volume of 1,253,836 shares, compared to its average volume of 460,891. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The stock has a market cap of $991.43 million, a PE ratio of -96.42 and a beta of 1.31. The company has a 50 day moving average of $13.77 and a 200-day moving average of $13.35.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On NerdWallet

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