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

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,003 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $13.45, for a total value of $40,390.35. Following the sale, the insider now directly owns 401,101 shares of the company’s stock, valued at approximately $5,394,808.45. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value 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 value of $2,029,670.10.
• 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 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 stock was sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Stock Performance

Shares of NASDAQ:NRDS opened at $13.67 on Friday. The business’s fifty day moving average price is $13.86 and its two-hundred day moving average price is $13.35. The stock has a market cap of $1.00 billion, a PE ratio of -97.64 and a beta of 1.31. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30.

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

Institutional Investors Weigh In On NerdWallet

Large investors have recently bought and sold shares of the stock. Basswood Capital Management L.L.C. acquired a new stake in shares of NerdWallet during the third quarter worth $6,446,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of NerdWallet by 346.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock worth $6,333,000 after purchasing an additional 386,646 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of NerdWallet by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock worth $11,239,000 after purchasing an additional 86,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NerdWallet by 32.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock worth $4,488,000 after purchasing an additional 86,029 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of NerdWallet during the third quarter worth $890,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays upped their price target on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, KeyCorp upped their price target on 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’s stock. According to data from MarketBeat.com, the stock 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.