NerdWallet (NASDAQ:NRDS) Stock Price Down 5.8% – Should You Sell?

NerdWallet, Inc. (NASDAQ:NRDS)’s stock price fell 5.8% during mid-day trading on Wednesday . The company traded as low as $13.51 and last traded at $13.60. 145,756 shares were traded during trading, a decline of 68% from the average session volume of 457,416 shares. The stock had previously closed at $14.44.

Analyst Upgrades and Downgrades

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

NerdWallet Stock Down 1.5 %

The stock has a fifty day moving average price of $13.45 and a 200-day moving average price of $13.38. The firm has a market cap of $979.69 million, a price-to-earnings ratio of -95.28 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data 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. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $168.25 million. During the same period in the previous year, the company posted ($0.01) EPS. NerdWallet’s revenue was up 25.2% compared to the same quarter last year. As a group, research analysts expect that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other NerdWallet news, CFO Lauren Stclair sold 11,856 shares of the 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 completion of the transaction, the chief financial officer now owns 313,100 shares in the company, valued at approximately $4,395,924. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll bought 49,722 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were bought at an average price of $12.05 per share, for a total transaction of $599,150.10. Following the completion of the transaction, the insider now directly owns 4,839,090 shares in the company, valued at approximately $58,311,034.50. This represents a 1.04 % increase in their position. The disclosure for this purchase can be found here. 45.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of NerdWallet during the 2nd quarter worth approximately $31,000. nVerses Capital LLC acquired a new position in shares of NerdWallet in the third quarter worth $62,000. US Bancorp DE acquired a new stake in shares of NerdWallet during the third quarter valued at $86,000. Intech Investment Management LLC purchased a new stake in NerdWallet during the 3rd quarter worth about $135,000. Finally, TNF LLC acquired a new position in NerdWallet in the 3rd quarter valued at about $178,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.