NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $40,390.35 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,003 shares of the business’s stock in a transaction 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 owns 401,101 shares in the company, valued at $5,394,808.45. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, January 2nd, Samuel Yount sold 440,336 shares of NerdWallet stock. The shares were sold at an average price of $13.49, for a total value 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 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

NASDAQ:NRDS opened at $13.67 on Friday. The stock has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $13.35. The stock has a market cap of $1.00 billion, a P/E ratio of -97.64 and a beta of 1.31. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NRDS. KeyCorp boosted their target price on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Institutional Trading of NerdWallet

A number of large investors have recently made changes to their positions in NRDS. Bank of New York Mellon Corp boosted its position in shares of NerdWallet by 27.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 122,873 shares of the company’s stock valued at $1,794,000 after purchasing an additional 26,572 shares during the period. Natixis Advisors LLC acquired a new stake in shares of NerdWallet in the 2nd quarter valued at about $250,000. Rhumbline Advisers boosted its position in shares of NerdWallet by 17.6% in the 2nd quarter. Rhumbline Advisers now owns 52,373 shares of the company’s stock valued at $765,000 after purchasing an additional 7,837 shares during the period. Los Angeles Capital Management LLC purchased a new stake in NerdWallet during the 2nd quarter valued at approximately $301,000. Finally, Meeder Asset Management Inc. raised its stake in NerdWallet by 126.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 16,841 shares of the company’s stock valued at $246,000 after acquiring an additional 9,401 shares during the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

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.