NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 3,003 Shares

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 3,003 shares of NerdWallet stock in a transaction on Monday, December 30th. The stock was sold at an average price of $13.45, for a total value of $40,390.35. Following the transaction, the insider now owns 401,101 shares in the company, valued at approximately $5,394,808.45. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, January 2nd, Samuel Yount sold 440,336 shares of NerdWallet stock. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64.
• 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 transaction 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 Trading Up 1.5 %

NerdWallet stock traded up $0.20 during midday trading on Thursday, reaching $13.50. 1,253,836 shares of the stock traded hands, compared to its average volume of 460,891. The firm has a market cap of $991.43 million, a PE ratio of -96.42 and a beta of 1.31. The company has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.35. NerdWallet, Inc. has a 12-month low of $10.10 and a 12-month high of $17.30.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The firm had revenue of $191.30 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Equities research analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of NerdWallet

A number of large investors have recently modified their holdings of NRDS. Geode Capital Management LLC grew its stake in NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company's stock worth $11,751,000 after purchasing an additional 19,330 shares in the last quarter. State Street Corp boosted its stake in shares of NerdWallet by 3.7% in the 3rd quarter. State Street Corp now owns 799,521 shares of the company's stock valued at $10,162,000 after buying an additional 28,785 shares during the period. Dimensional Fund Advisors LP grew its position in shares of NerdWallet by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company's stock worth $11,239,000 after buying an additional 86,376 shares in the last quarter. Basswood Capital Management L.L.C. purchased a new stake in shares of NerdWallet during the third quarter worth approximately $6,446,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in 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 acquiring an additional 386,646 shares in the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NRDS shares. KeyCorp upped their price target on NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target 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 equities research 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 company has a consensus rating of "Moderate Buy" and an average target price of $17.00.

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.