NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 440,336 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the transaction, the insider now owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. The trade was a 63.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The shares were sold at an average price of $13.45, for a total value of $40,390.35.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The stock was sold at an average price of $13.14, for a total value 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 stock was sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Stock Performance

NRDS opened at $13.67 on Friday. The stock’s 50 day moving average price is $13.86 and its 200-day moving average price is $13.35. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -97.64 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 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 for the quarter, compared to the consensus estimate of $168.25 million. During the same quarter in the prior year, the company posted ($0.01) EPS. NerdWallet’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, analysts predict that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NerdWallet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Basswood Capital Management L.L.C. bought a new position in NerdWallet in the 3rd quarter worth about $6,446,000. Jacobs Levy Equity Management Inc. boosted its holdings 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 valued at $6,333,000 after purchasing an additional 386,646 shares during the period. Dimensional Fund Advisors LP increased its holdings in NerdWallet by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock worth $11,239,000 after purchasing an additional 86,376 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position 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 valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of NerdWallet in the 3rd quarter worth $890,000. Institutional investors own 38.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NRDS shares. Barclays lifted their price target on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp raised their price target on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.