NerdWallet, Inc. (NASDAQ:NRDS) VP Sells $60,050.00 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) VP Samuel Yount sold 5,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.01, for a total transaction of $60,050.00. Following the sale, the vice president now directly owns 2,329,471 shares in the company, valued at $27,976,946.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 2nd, Samuel Yount sold 5,000 shares of NerdWallet stock. The shares were sold at an average price of $14.66, for a total transaction of $73,300.00.

NerdWallet Price Performance

NRDS traded up $0.21 during mid-day trading on Wednesday, hitting $12.14. The stock had a trading volume of 342,824 shares, compared to its average volume of 360,770. The stock’s fifty day simple moving average is $13.76 and its 200-day simple moving average is $14.31. The firm has a market capitalization of $943.35 million, a price-to-earnings ratio of -70.18 and a beta of 1.46. NerdWallet, Inc. has a 1-year low of $6.38 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $150.60 million during the quarter, compared to analyst estimates of $149.93 million. NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. As a group, research analysts expect that NerdWallet, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NRDS has been the topic of several analyst reports. Truist Financial cut their price objective on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Oppenheimer cut their price objective on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Finally, Barclays cut their price objective on shares of NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Institutional Investors Weigh In On NerdWallet

Several hedge funds have recently bought and sold shares of NRDS. Trexquant Investment LP lifted its position in NerdWallet by 2.7% in the 4th quarter. Trexquant Investment LP now owns 42,959 shares of the company’s stock valued at $632,000 after acquiring an additional 1,133 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock valued at $229,000 after acquiring an additional 1,561 shares in the last quarter. Marshall Wace LLP lifted its position in NerdWallet by 2.0% in the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company’s stock valued at $1,545,000 after acquiring an additional 2,070 shares in the last quarter. Quarry LP bought a new stake in NerdWallet in the 2nd quarter valued at $31,000. Finally, The Manufacturers Life Insurance Company lifted its position in NerdWallet by 16.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company’s stock valued at $219,000 after acquiring an additional 2,172 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.