Brighton Jones LLC Sells 5,573 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Brighton Jones LLC reduced its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,369 shares of the company’s stock after selling 5,573 shares during the quarter. Brighton Jones LLC’s holdings in NerdWallet were worth $178,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in shares of NerdWallet in the third quarter worth about $516,000. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 86,376 shares during the period. Point72 Asset Management L.P. bought a new position in NerdWallet during the third quarter worth $890,000. Barclays PLC grew its stake in NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company’s stock worth $830,000 after purchasing an additional 51,524 shares during the period. Finally, State Street Corp boosted its holdings in shares of NerdWallet by 3.7% during the 3rd quarter. State Street Corp now owns 799,521 shares of the company’s stock worth $10,162,000 after buying an additional 28,785 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NRDS shares. Morgan Stanley lifted their price target on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. KeyCorp increased their target price on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Barclays boosted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Insider Buying and Selling

In other NerdWallet news, CFO Lauren Stclair sold 11,856 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.04, for a total value of $166,458.24. Following the sale, the chief financial officer now directly owns 313,100 shares in the company, valued at $4,395,924. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samuel Yount sold 440,336 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the transaction, the insider now owns 254,237 shares of the company’s stock, valued at $3,429,657.13. This represents a 63.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 822,353 shares of company stock valued at $11,051,439. 45.93% of the stock is owned by insiders.

NerdWallet Stock Up 3.7 %

Shares of NASDAQ:NRDS opened at $15.15 on Wednesday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -108.21 and a beta of 1.32. The business’s 50 day moving average is $13.78 and its 200 day moving average is $13.31. NerdWallet, Inc. has a 12-month low of $10.10 and a 12-month high of $17.30.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $191.30 million during the quarter, compared to analyst estimates 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 period in the prior year, the company posted ($0.01) earnings per share. As a group, equities research analysts expect that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

NerdWallet 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.