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 dated Friday, December 13th. The shares were sold at an average price of $13.40, for a total transaction of $1,020,879.00. Following the completion of the transaction, the insider now directly owns 522,656 shares of the company’s stock, valued at approximately $7,003,590.40. This trade represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $955,255.99.
• On Wednesday, December 11th, Samuel Yount sold 65,167 shares of NerdWallet stock. The stock was sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Stock Performance

Shares of NRDS opened at $13.31 on Wednesday. NerdWallet, Inc. has a 52-week low of $10.10 and a 52-week high of $17.30. The firm has a market cap of $977.49 million, a price-to-earnings ratio of -95.06 and a beta of 1.31. The business’s fifty day moving average is $13.48 and its 200-day moving average is $13.37.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, research analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of NerdWallet

Several hedge funds and other institutional investors have recently made changes to their positions in NRDS. Basswood Capital Management L.L.C. acquired a new position in shares of NerdWallet during the third quarter worth $6,446,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock worth $6,333,000 after acquiring an additional 386,646 shares during the period. Dimensional Fund Advisors LP increased its position in NerdWallet by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NerdWallet by 32.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock worth $4,488,000 after purchasing an additional 86,029 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in NerdWallet during the third quarter worth $890,000. 38.81% of the stock is currently owned by institutional investors.

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.