Samuel Yount Sells 76,185 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 76,185 shares of NerdWallet stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $13.40, for a total value of $1,020,879.00. Following the completion of the transaction, the insider now directly owns 522,656 shares in the company, valued at $7,003,590.40. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The stock was sold at an average price of $13.39, for a total transaction of $955,255.99.
• 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

NASDAQ:NRDS opened at $12.74 on Thursday. The firm has a market capitalization of $935.61 million, a P/E ratio of -90.99 and a beta of 1.31. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The company’s 50-day simple moving average is $13.50 and its 200 day simple moving average is $13.37.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $168.25 million. During the same quarter last year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities research analysts expect that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NerdWallet

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in NerdWallet during the 2nd quarter valued at about $31,000. nVerses Capital LLC bought a new stake in shares of NerdWallet during the third quarter valued at approximately $62,000. US Bancorp DE purchased a new position in NerdWallet in the 3rd quarter worth approximately $86,000. Intech Investment Management LLC bought a new position in NerdWallet in the 3rd quarter valued at approximately $135,000. Finally, Algert Global LLC purchased a new stake in NerdWallet during the 2nd quarter valued at $196,000. Institutional investors own 38.81% of the company’s stock.

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.