NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 154,465 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 154,465 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total transaction of $2,029,670.10. Following the completion of the transaction, the insider now owns 409,147 shares in the company, valued at $5,376,191.58. This represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 Stock Performance

NASDAQ NRDS opened at $12.73 on Friday. NerdWallet, Inc. has a 52-week low of $10.10 and a 52-week high of $17.30. The business has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $13.36. The stock has a market cap of $934.88 million, a price-to-earnings ratio of -90.92 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $191.30 million during 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%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. On average, analysts predict that NerdWallet, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Barclays increased their target price on shares of NerdWallet from $16.00 to $17.00 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Institutional Trading of NerdWallet

A number of institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in NerdWallet by 374.6% in the 3rd quarter. Barclays PLC now owns 65,277 shares of the company’s stock valued at $830,000 after buying an additional 51,524 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock worth $11,751,000 after acquiring an additional 19,330 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of NerdWallet in the third quarter valued at approximately $220,000. State Street Corp lifted its position in shares of 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. acquired a new position in NerdWallet during the third quarter worth $890,000. 38.81% of the stock is currently owned by institutional investors.

About NerdWallet

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.