NerdWallet (NASDAQ:NRDS) Hits New 1-Year Low – Should You Sell?

Shares of NerdWallet, Inc. (NASDAQ:NRDS) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.76 and last traded at $9.71, with a volume of 16986 shares trading hands. The stock had previously closed at $10.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NRDS shares. Morgan Stanley decreased their price target on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Barclays lifted their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Price Performance

The stock has a market cap of $735.89 million, a price-to-earnings ratio of 24.83 and a beta of 1.33. The business’s 50 day moving average is $13.40 and its 200 day moving average is $13.20.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $183.80 million during the quarter, compared to analysts’ expectations of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. As a group, analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In other NerdWallet news, insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares in the company, valued at $3,429,657.13. This represents a 63.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 810,497 shares of company stock valued at $10,884,981. Corporate insiders own 45.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock valued at $685,000 after acquiring an additional 769 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in NerdWallet by 5.8% in the third quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company’s stock valued at $277,000 after acquiring an additional 1,190 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of NerdWallet by 8.0% during the 4th quarter. American Century Companies Inc. now owns 21,237 shares of the company’s stock valued at $282,000 after acquiring an additional 1,576 shares during the last quarter. Swiss National Bank raised its holdings in NerdWallet by 2.1% in the 4th quarter. Swiss National Bank now owns 78,600 shares of the company’s stock worth $1,045,000 after acquiring an additional 1,600 shares during the period. Finally, SG Americas Securities LLC grew its holdings in NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after buying an additional 2,364 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

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.