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

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,341 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.39, for a total transaction of $955,255.99. Following the completion of the sale, the insider now directly owns 498,862 shares of the company’s stock, valued at approximately $6,679,762.18. This trade represents a 12.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $2,029,670.10.
• 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 value 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 value of $898,652.93.

NerdWallet Price Performance

Shares of NASDAQ:NRDS opened at $12.73 on Friday. The business’s fifty day moving average price is $13.54 and its two-hundred day moving average price is $13.36. NerdWallet, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $17.30. The stock has a market capitalization of $934.88 million, a price-to-earnings ratio of -90.92 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business had revenue of $191.30 million for the quarter, compared to analyst estimates of $168.25 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Research analysts expect that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Trading of NerdWallet

Several hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of NerdWallet by 374.6% in the 3rd quarter. Barclays PLC now owns 65,277 shares of the company’s stock worth $830,000 after acquiring an additional 51,524 shares in the last quarter. Geode Capital Management LLC increased its holdings in NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock valued at $11,751,000 after purchasing an additional 19,330 shares in the last quarter. XTX Topco Ltd bought a new position in NerdWallet in the 3rd quarter valued at $220,000. State Street Corp boosted its stake in NerdWallet by 3.7% in the third quarter. State Street Corp now owns 799,521 shares of the company’s stock worth $10,162,000 after purchasing an additional 28,785 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in NerdWallet during the 3rd quarter worth about $890,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

NRDS has been the topic of a number of research reports. KeyCorp boosted 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. Barclays boosted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NerdWallet has an average 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.