Insider Selling: NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $1,020,879.00 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 76,185 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.40, for a total transaction of $1,020,879.00. Following the sale, the insider now directly owns 522,656 shares of the company’s stock, valued at approximately $7,003,590.40. The trade was a 12.72 % decrease in their ownership of the stock. The transaction 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 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 stock was sold at an average price of $13.39, for a total value of $955,255.99.
• 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

Shares of NRDS stock opened at $12.73 on Friday. The firm has a market cap of $934.88 million, a price-to-earnings ratio of -90.92 and a beta of 1.31. NerdWallet, Inc. has a 52 week low of $10.10 and a 52 week high of $17.30. The firm’s 50-day simple moving average is $13.54 and its two-hundred day simple moving average is $13.36.

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

Analysts Set New Price Targets

Several brokerages have weighed in on NRDS. Barclays raised their price objective on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price target on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp upped their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, NerdWallet has an average rating of “Moderate Buy” and an average target price of $17.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NRDS. Geode Capital Management LLC raised its stake in NerdWallet by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock valued at $11,751,000 after acquiring an additional 19,330 shares during the period. State Street Corp increased its stake 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. Dimensional Fund Advisors LP increased its stake in shares of NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock worth $11,239,000 after purchasing an additional 86,376 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in shares of NerdWallet in the third quarter valued at approximately $6,446,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of NerdWallet by 346.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after buying an additional 386,646 shares in the last quarter. Institutional investors 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.