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

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 154,465 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $13.14, for a total transaction of $2,029,670.10. Following the sale, the insider now directly owns 409,147 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at 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 Stock Up 2.1 %

NerdWallet stock opened at $13.00 on Friday. The company’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $13.35. The stock has a market cap of $954.71 million, a P/E ratio of -92.85 and a beta of 1.31. NerdWallet, Inc. has a twelve month low of $10.10 and a twelve month high of $17.30.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $191.30 million for the quarter, compared to analyst estimates of $168.25 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Equities analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NerdWallet

Institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC raised its stake in NerdWallet by 5.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company’s stock worth $277,000 after purchasing an additional 1,190 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in NerdWallet by 11.1% during the second quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock worth $229,000 after buying an additional 1,561 shares in the last quarter. Marshall Wace LLP raised its holdings in NerdWallet by 2.0% in the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company’s stock valued at $1,545,000 after acquiring an additional 2,070 shares in the last quarter. Quarry LP bought a new stake in shares of NerdWallet during the 2nd quarter valued at $31,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of NerdWallet by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company’s stock worth $219,000 after purchasing an additional 2,172 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRDS has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price 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. Finally, KeyCorp raised their target price 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

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.