NerdWallet (NASDAQ:NRDS) CAO Nicholas Tatum Sells 10,151 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) CAO Nicholas Tatum sold 10,151 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $11.45, for a total value of $116,228.95. Following the transaction, the chief accounting officer directly owned 47,202 shares in the company, valued at approximately $540,462.90. The trade was a 17.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nicholas Tatum also recently made the following trade(s):

• On Wednesday, March 4th, Nicholas Tatum sold 893 shares of NerdWallet stock. The stock was sold at an average price of $11.45, for a total value of $10,224.85.

NerdWallet Trading Down 1.5%

NASDAQ:NRDS traded down $0.17 during mid-day trading on Friday, reaching $11.16. The company’s stock had a trading volume of 976,076 shares, compared to its average volume of 1,214,935. The stock has a market cap of $745.38 million, a P/E ratio of 17.44 and a beta of 1.44. The firm’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $12.11. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.24.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. NerdWallet had a net margin of 5.82% and a return on equity of 12.66%. The firm had revenue of $225.40 million for the quarter, compared to the consensus estimate of $211.37 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. Analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

NerdWallet declared that its board has authorized a stock repurchase plan on Tuesday, December 16th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NRDS. Truist Financial reduced their price objective on NerdWallet from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Zacks Research downgraded NerdWallet from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Barclays upped their price target on shares of NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. KeyCorp raised their price objective on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Morgan Stanley boosted their target price on shares of NerdWallet from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.17.

Institutional Trading of NerdWallet

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd bought a new position in shares of NerdWallet in the fourth quarter worth about $34,000. Tower Research Capital LLC TRC boosted its stake in shares of NerdWallet by 37.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after acquiring an additional 1,054 shares during the period. Polymer Capital Management US LLC bought a new position in shares of NerdWallet in the third quarter worth about $111,000. Olympiad Research LP purchased a new stake in shares of NerdWallet during the third quarter worth about $119,000. Finally, Prelude Capital Management LLC bought a new stake in NerdWallet during the 3rd quarter valued at approximately $119,000. Institutional investors own 38.81% of the company’s stock.

NerdWallet Company Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.