NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 71,341 Shares

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 71,341 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.39, for a total value of $955,255.99. Following the completion of the sale, the insider now directly owns 498,862 shares in the company, valued at $6,679,762.18. This represents a 12.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 Price Performance

Shares of NASDAQ NRDS traded down $0.16 during trading hours on Tuesday, hitting $13.31. 583,630 shares of the stock were exchanged, compared to its average volume of 458,435. The company's 50 day moving average is $13.48 and its 200 day moving average is $13.37. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The firm has a market capitalization of $977.49 million, a P/E ratio of -95.06 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of NerdWallet

Several institutional investors have recently modified their holdings of NRDS. Los Angeles Capital Management LLC boosted its stake in NerdWallet by 5.8% during the third quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company's stock worth $277,000 after buying an additional 1,190 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of NerdWallet by 11.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company's stock valued at $229,000 after acquiring an additional 1,561 shares in the last quarter. Marshall Wace LLP increased its stake in NerdWallet by 2.0% in the second quarter. Marshall Wace LLP now owns 105,802 shares of the company's stock valued at $1,545,000 after acquiring an additional 2,070 shares during the period. Quarry LP acquired a new position in NerdWallet in the second quarter worth about $31,000. Finally, The Manufacturers Life Insurance Company lifted its stake in NerdWallet by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company's stock worth $219,000 after purchasing an additional 2,172 shares during the period. 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.

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