NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 440,336 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now directly owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The shares were sold at an average price of $13.45, for a total value of $40,390.35.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The stock was 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 shares were sold at an average price of $13.39, for a total transaction of $955,255.99.
• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The shares were sold at an average price of $13.40, for a total transaction of $1,020,879.00.
• 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 value of $898,652.93.

NerdWallet Stock Performance

NASDAQ NRDS opened at $13.67 on Friday. The business has a fifty day moving average price of $13.86 and a 200 day moving average price of $13.35. The company 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 one year low of $10.10 and a one year high of $17.30.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $191.30 million for 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 quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, sell-side analysts predict that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On NerdWallet

A number of large investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in NerdWallet during the second quarter worth $31,000. nVerses Capital LLC acquired a new position in shares of NerdWallet during the 3rd quarter valued at about $62,000. US Bancorp DE purchased a new stake in shares of NerdWallet in the third quarter valued at 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 worth about $178,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

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.