Insider Selling: NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells 65,167 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 65,167 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $13.79, for a total transaction of $898,652.93. Following the transaction, the insider now owns 581,419 shares of the company’s stock, valued at approximately $8,017,768.01. This represents a 10.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NerdWallet Trading Down 1.5 %

NRDS opened at $13.34 on Friday. The stock has a 50-day moving average of $13.46 and a 200 day moving average of $13.38. NerdWallet, Inc. has a 12 month low of $10.10 and a 12 month high of $17.30. The firm has a market cap of $979.68 million, a P/E ratio of -95.29 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping 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 firm had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same quarter in the previous year, the business earned ($0.01) EPS. The company’s quarterly revenue was up 25.2% on a year-over-year basis. On average, research analysts forecast that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NerdWallet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of NerdWallet during the 2nd quarter worth about $31,000. nVerses Capital LLC bought a new stake in NerdWallet in the third quarter worth about $62,000. US Bancorp DE purchased a new position in shares of NerdWallet during the third quarter valued at approximately $86,000. Intech Investment Management LLC bought a new position in shares of NerdWallet during the third quarter valued at approximately $135,000. Finally, TNF LLC purchased a new stake in shares of NerdWallet in the third quarter worth approximately $178,000. Hedge funds and other institutional investors own 38.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NRDS. Barclays lifted their target price on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their price objective on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, KeyCorp upped their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NerdWallet currently has a consensus 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.