Samuel Yount Sells 440,336 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the completion of the sale, the insider now directly owns 254,237 shares in the company, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The stock was sold at an average price of $13.45, for a total transaction of $40,390.35.
• 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 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 Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The shares were 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 stock was sold at an average price of $13.79, for a total value of $898,652.93.

NerdWallet Stock Performance

NASDAQ NRDS traded up $0.20 on Thursday, reaching $13.50. The company’s stock had a trading volume of 1,253,836 shares, compared to its average volume of 460,891. NerdWallet, Inc. has a twelve month low of $10.10 and a twelve month high of $17.30. The firm’s 50 day moving average is $13.77 and its two-hundred day moving average is $13.35. The stock has a market cap of $991.43 million, a PE ratio of -96.42 and a beta of 1.31.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on NRDS. KeyCorp upped their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley increased 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 raised their price objective on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two 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, NerdWallet presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Hedge Funds Weigh In On NerdWallet

A number of hedge funds have recently modified their holdings of NRDS. Geode Capital Management LLC increased its position in shares of NerdWallet by 2.1% in the third 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. State Street Corp boosted its stake in NerdWallet by 3.7% in the 3rd 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 during the period. Dimensional Fund Advisors LP grew its position in 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. acquired a new stake in NerdWallet during the 3rd quarter valued at $6,446,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.