Insider Selling: NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $955,255.99 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,341 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.39, for a total transaction of $955,255.99. Following the completion of the transaction, the insider now directly owns 498,862 shares of the company’s stock, valued at $6,679,762.18. This represents a 12.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value of $2,029,670.10.
• 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 value 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 value of $898,652.93.

NerdWallet Trading Down 0.1 %

NRDS stock opened at $12.73 on Friday. The firm has a market cap of $934.88 million, a PE ratio of -90.92 and a beta of 1.31. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30. The company has a fifty day simple moving average of $13.54 and a 200 day simple moving average of $13.36.

NerdWallet (NASDAQ:NRDS) last announced 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 company had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. As a group, analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On NerdWallet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its position in shares of NerdWallet by 5.8% in the third quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company’s stock valued at $277,000 after purchasing an additional 1,190 shares during the period. Cubist Systematic Strategies LLC grew its stake in NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock valued at $229,000 after buying an additional 1,561 shares during the last quarter. Marshall Wace LLP raised its holdings in NerdWallet by 2.0% in the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company’s stock worth $1,545,000 after acquiring an additional 2,070 shares during the period. Quarry LP acquired a new position in NerdWallet during the 2nd quarter worth $31,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in NerdWallet by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company’s stock valued at $219,000 after acquiring an additional 2,172 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NRDS has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. KeyCorp boosted 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, Barclays increased their price objective on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

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.