NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 71,341 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,341 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.39, for a total value of $955,255.99. Following the sale, the insider now owns 498,862 shares in the company, valued at $6,679,762.18. The trade was a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The stock was 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 shares were sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Trading Down 1.2 %

NASDAQ:NRDS opened at $13.31 on Wednesday. NerdWallet, Inc. has a 1-year low of $10.10 and a 1-year high of $17.30. The firm has a market capitalization of $977.49 million, a price-to-earnings ratio of -95.06 and a beta of 1.31. The business’s 50-day moving average price is $13.48 and its two-hundred day moving average price is $13.37.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings results 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. The business had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. NerdWallet’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the company posted ($0.01) EPS. Sell-side analysts predict that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NRDS. KeyCorp increased their price objective on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research 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 report on Wednesday, October 30th. Finally, Barclays boosted their price objective on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Hedge Funds Weigh In On NerdWallet

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

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.