NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 154,465 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 154,465 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total transaction of $2,029,670.10. Following the sale, the insider now owns 409,147 shares of the company’s stock, valued at $5,376,191.58. This trade represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 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 transaction of $1,020,879.00.
• 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 value of $898,652.93.

NerdWallet Trading Down 0.1 %

Shares of NRDS stock traded down $0.01 on Thursday, reaching $12.73. 471,558 shares of the company’s stock were exchanged, compared to its average volume of 459,022. The company’s fifty day simple moving average is $13.51 and its 200 day simple moving average is $13.36. NerdWallet, Inc. has a 52 week low of $10.10 and a 52 week high of $17.30. The stock has a market capitalization of $934.88 million, a PE ratio of -90.92 and a beta of 1.31.

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. As a group, sell-side analysts predict that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

NRDS has been the subject of several research reports. Barclays increased their price objective on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. KeyCorp boosted 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. Finally, Morgan Stanley increased their price target 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. Two equities 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, NerdWallet has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Investors Weigh In On NerdWallet

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

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.