NerdWallet (NASDAQ:NRDS) Shares Down 6.9% – Time to Sell?

NerdWallet, Inc. (NASDAQ:NRDS)’s stock price fell 6.9% during trading on Friday . The company traded as low as $10.75 and last traded at $10.59. 288,437 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 479,813 shares. The stock had previously closed at $11.38.

Analysts Set New Price Targets

A number of research firms recently commented on NRDS. KeyCorp lifted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their price target on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.60.

NerdWallet Stock Performance

The firm has a market capitalization of $758.64 million, a PE ratio of 25.83 and a beta of 1.33. The business’s 50 day moving average is $13.74 and its two-hundred day moving average is $13.23.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The business had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. As a group, equities research analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current year.

Insider Activity at NerdWallet

In other news, insider Samuel Yount sold 65,167 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total transaction of $898,652.93. Following the completion of the transaction, the insider now directly owns 581,419 shares in the company, valued at $8,017,768.01. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Lauren Stclair sold 11,856 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total transaction of $166,458.24. Following the transaction, the chief financial officer now owns 313,100 shares of the company’s stock, valued at $4,395,924. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 822,353 shares of company stock worth $11,051,439. Corporate insiders own 45.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of NerdWallet during the 4th quarter valued at $80,000. US Bancorp DE purchased a new position in NerdWallet in the third quarter worth $86,000. AXQ Capital LP purchased a new position in NerdWallet in the fourth quarter worth $138,000. Point72 Asia Singapore Pte. Ltd. grew its position in NerdWallet by 3,417.4% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock worth $140,000 after acquiring an additional 10,218 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in NerdWallet in the third quarter worth $135,000. 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.