NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $2,029,670.10 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 154,465 shares of NerdWallet stock in a transaction 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 completion of the transaction, the insider now directly owns 409,147 shares of the company’s stock, valued at $5,376,191.58. The trade was a 27.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 value of $955,255.99.
• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The shares were 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 stock was sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Price Performance

NASDAQ NRDS opened at $13.00 on Friday. The stock’s 50 day simple moving average is $13.56 and its 200-day simple moving average is $13.35. The company has a market cap of $954.71 million, a PE ratio of -92.85 and a beta of 1.31. NerdWallet, Inc. has a 1-year low of $10.10 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data 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 the consensus estimate of $168.25 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. On average, equities research analysts anticipate that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On NerdWallet

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in NerdWallet during the 2nd quarter valued at about $31,000. nVerses Capital LLC purchased a new position in NerdWallet in the 3rd quarter worth approximately $62,000. US Bancorp DE acquired a new position in shares of NerdWallet during the 3rd quarter worth approximately $86,000. Intech Investment Management LLC acquired a new position in shares of NerdWallet during the 3rd quarter worth approximately $135,000. Finally, TNF LLC purchased a new stake in shares of NerdWallet in the third quarter valued at approximately $178,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.