Samuel Yount Sells 71,341 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,341 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $13.39, for a total transaction of $955,255.99. Following the sale, the insider now owns 498,862 shares in the company, valued at $6,679,762.18. The trade was a 12.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Stock Down 4.3 %

Shares of NRDS opened at $12.74 on Thursday. The stock has a market cap of $935.61 million, a PE ratio of -90.99 and a beta of 1.31. NerdWallet, Inc. has a 12-month low of $10.10 and a 12-month high of $17.30. The business has a 50-day simple moving average of $13.50 and a two-hundred day simple moving average of $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, beating the consensus estimate of $0.03 by $0.06. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The company had revenue of $191.30 million during the quarter, compared to the consensus estimate of $168.25 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. On average, equities research analysts expect that NerdWallet, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NRDS shares. Morgan Stanley upped their target price on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. KeyCorp upped their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their target price on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NerdWallet has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Hedge Funds Weigh In On NerdWallet

Several large investors have recently modified their holdings of NRDS. Quarry LP acquired a new stake in NerdWallet in the second quarter valued at $31,000. nVerses Capital LLC bought a new stake in shares of NerdWallet in the 3rd quarter valued at about $62,000. US Bancorp DE bought a new stake in shares of NerdWallet in the 3rd quarter valued at about $86,000. Intech Investment Management LLC acquired a new stake in shares of NerdWallet in the third quarter valued at about $135,000. Finally, Algert Global LLC bought a new position in shares of NerdWallet during the second quarter worth about $196,000. Institutional investors own 38.81% of the company’s stock.

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.