NerdWallet, Inc. (NASDAQ:NRDS – Get Free Report) insider Samuel Yount sold 65,167 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total value of $898,652.93. Following the sale, the insider now owns 581,419 shares in the company, valued at $8,017,768.01. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NerdWallet Price Performance
Shares of NerdWallet stock opened at $13.34 on Monday. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The business’s 50 day simple moving average is $13.46 and its two-hundred day simple moving average is $13.38. The stock has a market capitalization of $979.68 million, a P/E ratio of -95.29 and a beta of 1.31.
NerdWallet (NASDAQ:NRDS – Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The company 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 firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts expect that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NerdWallet
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on NRDS shares. Barclays raised 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. Morgan Stanley lifted their price target 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. Finally, KeyCorp increased their target price on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.
Check Out Our Latest Analysis on NerdWallet
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.
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