Samuel Yount Sells 15,945 Shares of NerdWallet (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 15,945 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $16.04, for a total transaction of $255,757.80. Following the completion of the sale, the insider owned 358,116 shares in the company, valued at approximately $5,744,180.64. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 26th, Samuel Yount sold 10,000 shares of NerdWallet stock. The stock was sold at an average price of $15.07, for a total transaction of $150,700.00.
• On Monday, November 24th, Samuel Yount sold 5,040 shares of NerdWallet stock. The shares were sold at an average price of $14.28, for a total transaction of $71,971.20.
• On Friday, November 14th, Samuel Yount sold 521 shares of NerdWallet stock. The shares were sold at an average price of $14.25, for a total transaction of $7,424.25.
• On Thursday, November 13th, Samuel Yount sold 12,129 shares of NerdWallet stock. The stock was sold at an average price of $14.34, for a total transaction of $173,929.86.

NerdWallet Price Performance

Shares of NASDAQ:NRDS traded up $0.05 during mid-day trading on Thursday, reaching $15.60. 852,758 shares of the company were exchanged, compared to its average volume of 559,770. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.24. The firm’s 50-day simple moving average is $12.44 and its 200 day simple moving average is $11.31. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 16.25 and a beta of 1.42.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The company had revenue of $215.10 million for the quarter, compared to analysts’ expectations of $193.31 million. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, research analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of NerdWallet

Several hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in NerdWallet during the 1st quarter worth approximately $3,661,000. Arrowstreet Capital Limited Partnership lifted its position in shares of NerdWallet by 26.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,790 shares of the company’s stock worth $12,200,000 after purchasing an additional 234,691 shares during the last quarter. Millennium Management LLC grew its stake in shares of NerdWallet by 23.9% during the first quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock worth $7,847,000 after purchasing an additional 166,984 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of NerdWallet during the first quarter worth $1,493,000. Finally, UBS Group AG increased its holdings in NerdWallet by 91.9% in the third quarter. UBS Group AG now owns 321,637 shares of the company’s stock valued at $3,461,000 after buying an additional 154,055 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial raised their target price on NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. KeyCorp raised their price objective on shares of NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Barclays lifted their price objective on shares of NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of NerdWallet from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.40.

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.