NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $5,940,132.64 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now directly owns 254,237 shares in the company, valued at approximately $3,429,657.13. This represents a 63.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The shares were sold at an average price of $13.45, for a total value of $40,390.35.
• 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 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 shares were sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Trading Up 1.5 %

NASDAQ:NRDS opened at $13.50 on Friday. NerdWallet, Inc. has a 12-month low of $10.10 and a 12-month high of $17.30. The stock has a 50-day moving average price of $13.82 and a 200 day moving average price of $13.35. The stock has a market capitalization of $991.43 million, a P/E ratio of -96.42 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $168.25 million. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was up 25.2% on a year-over-year basis. On average, research analysts predict that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NRDS shares. KeyCorp increased their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays raised their price objective on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Institutional Trading of NerdWallet

Institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in shares of NerdWallet during the third quarter worth about $516,000. Dimensional Fund Advisors LP grew its holdings in NerdWallet by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after buying an additional 86,376 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in NerdWallet during the 3rd quarter valued at approximately $890,000. State Street Corp grew its holdings in NerdWallet by 3.7% during the 3rd quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after buying an additional 28,785 shares in the last quarter. Finally, Barclays PLC grew its holdings in NerdWallet by 374.6% during the 3rd quarter. Barclays PLC now owns 65,277 shares of the company’s stock valued at $830,000 after buying an additional 51,524 shares in the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

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.