NerdWallet (NASDAQ:NRDS) Stock Price Down 4.6% – Should You Sell?

NerdWallet, Inc. (NASDAQ:NRDS) shares dropped 4.6% during mid-day trading on Wednesday . The company traded as low as $14.50 and last traded at $14.45. Approximately 46,055 shares were traded during trading, a decline of 89% from the average daily volume of 413,132 shares. The stock had previously closed at $15.15.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRDS. Barclays upped their target price on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. KeyCorp upped their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

NerdWallet Stock Down 3.4 %

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -104.49 and a beta of 1.32. The company has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $13.31.

NerdWallet (NASDAQ:NRDS) last released 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 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%. NerdWallet’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. As a group, sell-side analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at NerdWallet

In related news, CFO Lauren Stclair sold 11,856 shares of NerdWallet stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the sale, the chief financial officer now owns 313,100 shares of the company’s stock, valued at approximately $4,395,924. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Samuel Yount sold 65,167 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total transaction of $898,652.93. Following the sale, the insider now owns 581,419 shares of the company’s stock, valued at $8,017,768.01. This trade represents a 10.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 822,353 shares of company stock valued at $11,051,439. Corporate insiders own 45.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NRDS. Quarry LP bought a new position in NerdWallet in the 2nd quarter valued at about $31,000. nVerses Capital LLC bought a new position in shares of NerdWallet in the third quarter valued at approximately $62,000. US Bancorp DE purchased a new position in shares of NerdWallet during the third quarter valued at approximately $86,000. Intech Investment Management LLC bought a new stake in NerdWallet during the third quarter worth $135,000. Finally, TNF LLC purchased a new stake in NerdWallet in the 3rd quarter valued at $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.