NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 3,003 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,003 shares of the 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Samuel Yount also recently made the following trade(s):

• On Thursday, January 2nd, Samuel Yount sold 440,336 shares of NerdWallet stock. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The shares were 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 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 1.5 %

Shares of NASDAQ:NRDS opened at $13.50 on Friday. NerdWallet, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $17.30. The firm’s 50 day moving average price is $13.82 and its 200 day moving average price is $13.35. The stock has a market cap of $991.43 million, a price-to-earnings ratio of -96.42 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities analysts anticipate that NerdWallet, Inc. will post -0.11 EPS for the current year.

Institutional Trading of NerdWallet

Institutional investors have recently bought and sold shares of the business. Basswood Capital Management L.L.C. purchased a new position in shares of NerdWallet in the 3rd quarter valued at about $6,446,000. Jacobs Levy Equity Management Inc. boosted its holdings in NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of NerdWallet during the 3rd quarter worth approximately $890,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on NRDS shares. Barclays lifted their target price on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective 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 increased their target price on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.