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

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

Wall Street Analyst Weigh In

Several analysts have weighed in on NRDS shares. KeyCorp boosted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Barclays boosted their price target on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

NerdWallet Price Performance

The stock has a market capitalization of $758.64 million, a P/E ratio of 25.83 and a beta of 1.33. The firm’s 50 day moving average price is $13.74 and its 200 day moving average price is $13.23.

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

Insider Activity

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

Hedge Funds Weigh In On NerdWallet

A number of institutional investors have recently bought and sold shares of NRDS. KLP Kapitalforvaltning AS bought a new position in NerdWallet in the fourth quarter worth about $80,000. US Bancorp DE bought a new position in NerdWallet in the third quarter worth about $86,000. Intech Investment Management LLC bought a new position in NerdWallet in the third quarter worth about $135,000. AXQ Capital LP bought a new position in NerdWallet in the fourth quarter worth about $138,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake 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 buying an additional 10,218 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

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.