Samuel Yount Sells 71,988 Shares of NerdWallet (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,988 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $10.32, for a total transaction of $742,916.16. Following the completion of the transaction, the insider owned 173,973 shares of the company’s stock, valued at $1,795,401.36. This trade represents a 29.27% decrease in their ownership of the stock. The transaction 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 Thursday, March 12th, Samuel Yount sold 3,011 shares of NerdWallet stock. The stock was sold at an average price of $10.61, for a total transaction of $31,946.71.

NerdWallet Trading Down 2.9%

NerdWallet stock opened at $9.97 on Friday. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.24. The firm has a market capitalization of $665.90 million, a PE ratio of 15.58 and a beta of 1.44. The firm’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $12.12.

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

NerdWallet announced that its Board of Directors has initiated a share buyback program on Tuesday, December 16th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NRDS shares. Oppenheimer reduced their target price on NerdWallet from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Zacks Research downgraded NerdWallet from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Truist Financial decreased their price objective on shares of NerdWallet from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Morgan Stanley downgraded shares of NerdWallet from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $14.00 to $9.00 in a research note on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, NerdWallet has an average rating of “Hold” and a consensus price target of $14.33.

Institutional Investors Weigh In On NerdWallet

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of NerdWallet by 27.7% in the 4th quarter. Invesco Ltd. now owns 103,226 shares of the company’s stock worth $1,399,000 after purchasing an additional 22,406 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of NerdWallet during the 4th quarter valued at about $310,000. XTX Topco Ltd raised its holdings in shares of NerdWallet by 141.3% during the 4th quarter. XTX Topco Ltd now owns 74,784 shares of the company’s stock valued at $1,013,000 after buying an additional 43,794 shares in the last quarter. Numerai GP LLC purchased a new position in shares of NerdWallet during the 4th quarter valued at about $423,000. Finally, Millennium Management LLC lifted its position in NerdWallet by 1,231.3% in the 4th quarter. Millennium Management LLC now owns 538,421 shares of the company’s stock worth $7,296,000 after buying an additional 497,978 shares during the last quarter. Hedge funds and other 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.