Insider Selling: NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells 3,003 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,003 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $13.45, for a total transaction of $40,390.35. Following the sale, the insider now owns 401,101 shares in the company, valued at $5,394,808.45. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 2nd, Samuel Yount sold 440,336 shares of NerdWallet stock. The shares were sold at an average price of $13.49, for a total transaction of $5,940,132.64.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The shares were sold at an average price of $13.14, for a total transaction 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 transaction of $898,652.93.

NerdWallet Price Performance

Shares of NRDS stock opened at $13.67 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of -97.64 and a beta of 1.31. The company’s 50-day simple moving average is $13.86 and its two-hundred day simple moving average is $13.35. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business 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 company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. On average, research analysts expect that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On NerdWallet

A number of hedge funds and other institutional investors have recently modified their holdings of NRDS. Basswood Capital Management L.L.C. bought a new position in shares of NerdWallet during the third quarter valued at approximately $6,446,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of NerdWallet by 346.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NerdWallet by 12.6% during the second 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NerdWallet by 32.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of NerdWallet during the third quarter valued at approximately $890,000. 38.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of 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 target on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

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.