Samuel Yount Sells 154,465 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 154,465 shares of the company’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 completion of the transaction, the insider now owns 409,147 shares in the company, valued at $5,376,191.58. This 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 stock was 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 Performance

Shares of NerdWallet stock opened at $13.00 on Friday. The company has a market capitalization of $954.71 million, a PE ratio of -92.85 and a beta of 1.31. The company has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $13.35. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30.

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

Institutional Investors Weigh In On NerdWallet

Large investors have recently modified their holdings of the business. Quarry LP purchased a new stake in NerdWallet in the second quarter valued at $31,000. nVerses Capital LLC acquired a new position in shares of NerdWallet in the 3rd quarter valued at about $62,000. US Bancorp DE acquired a new stake in NerdWallet during the third quarter worth about $86,000. Intech Investment Management LLC acquired a new stake in NerdWallet during the third quarter worth about $135,000. Finally, TNF LLC purchased a new position in NerdWallet during the third quarter valued at approximately $178,000. Hedge funds and other institutional investors own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NRDS shares. Barclays lifted their price objective on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. KeyCorp boosted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.