NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 440,336 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the transaction, the insider now owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. This represents a 63.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The shares were sold at an average price of $13.45, for a total value of $40,390.35.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The shares were sold at an average price of $13.14, for a total value of $2,029,670.10.
• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The shares were sold at an average price of $13.39, for a total value of $955,255.99.
• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The shares were sold at an average price of $13.40, for a total value of $1,020,879.00.
• On Wednesday, December 11th, Samuel Yount sold 65,167 shares of NerdWallet stock. The stock was sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Trading Up 1.5 %

NASDAQ NRDS opened at $13.50 on Friday. NerdWallet, Inc. has a 12 month low of $10.10 and a 12 month high of $17.30. The stock has a market cap of $991.43 million, a P/E ratio of -96.42 and a beta of 1.31. The stock’s fifty day moving average price is $13.82 and its 200-day moving average price is $13.35.

NerdWallet (NASDAQ:NRDS) last released 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 for the quarter, compared to analysts’ expectations of $168.25 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, analysts forecast that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NRDS shares. KeyCorp upped their price target on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target 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, Barclays upped their price target on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Investors Weigh In On NerdWallet

Institutional investors have recently modified their holdings of the stock. Basswood Capital Management L.L.C. bought a new position in shares of NerdWallet during the third quarter valued at $6,446,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NerdWallet by 346.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NerdWallet by 32.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of NerdWallet during the third quarter valued at $890,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

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.