Samuel Yount Sells 65,167 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 65,167 shares of NerdWallet stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $13.79, for a total transaction of $898,652.93. Following the completion of the transaction, the insider now directly owns 581,419 shares of the company’s stock, valued at approximately $8,017,768.01. This represents a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NerdWallet Trading Down 1.5 %

Shares of NASDAQ NRDS opened at $13.34 on Friday. The firm has a market capitalization of $979.69 million, a PE ratio of -95.28 and a beta of 1.31. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The business has a 50-day moving average price of $13.46 and a two-hundred day moving average price of $13.38.

NerdWallet (NASDAQ:NRDS) last issued 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. The company had revenue of $191.30 million for the quarter, compared to analyst estimates of $168.25 million. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The business’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. Research analysts anticipate that NerdWallet, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NRDS. Geode Capital Management LLC raised its position in shares of NerdWallet by 2.1% during the third quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock valued at $11,751,000 after buying an additional 19,330 shares during the last quarter. State Street Corp grew its position in NerdWallet by 3.7% in the third quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after acquiring an additional 28,785 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NerdWallet by 12.6% during the 2nd 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 position in shares of NerdWallet in the third quarter valued at approximately $6,446,000. Finally, Jacobs Levy Equity Management Inc. grew its position in NerdWallet by 346.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock worth $6,333,000 after acquiring an additional 386,646 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

Analyst Ratings Changes

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