Samuel Yount Sells 76,185 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 76,185 shares of NerdWallet stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $13.40, for a total transaction of $1,020,879.00. Following the completion of the sale, the insider now owns 522,656 shares of the company’s stock, valued at $7,003,590.40. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $13.39, for a total transaction of $955,255.99.
• 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 transaction of $898,652.93.

NerdWallet Stock Down 4.3 %

NRDS stock opened at $12.74 on Thursday. The business’s 50-day moving average price is $13.50 and its 200-day moving average price is $13.37. The stock has a market cap of $935.61 million, a P/E ratio of -90.99 and a beta of 1.31. NerdWallet, Inc. has a twelve month low of $10.10 and a twelve month high of $17.30.

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

Institutional Investors Weigh In On NerdWallet

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in shares of NerdWallet in the second quarter worth about $31,000. nVerses Capital LLC purchased a new position in NerdWallet in the 3rd quarter worth approximately $62,000. US Bancorp DE bought a new position in NerdWallet in the 3rd quarter worth approximately $86,000. Intech Investment Management LLC purchased a new stake in NerdWallet during the 3rd quarter valued at approximately $135,000. Finally, Algert Global LLC bought a new stake in shares of NerdWallet during the second quarter valued at approximately $196,000. 38.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NRDS has been the subject of several research analyst reports. KeyCorp lifted their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays upped their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research 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 stock an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.