Samuel Yount Sells 154,465 Shares of NerdWallet, Inc. (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 154,465 shares of NerdWallet stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total value of $2,029,670.10. Following the sale, the insider now directly owns 409,147 shares in the company, valued at $5,376,191.58. The trade was a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Stock Down 0.1 %

Shares of NRDS traded down $0.01 during mid-day trading on Thursday, hitting $12.73. 471,558 shares of the company's stock traded hands, compared to its average volume of 459,022. The firm has a market capitalization of $934.88 million, a P/E ratio of -90.92 and a beta of 1.31. The business's 50-day moving average price is $13.51 and its 200-day moving average price is $13.36. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping 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 company's revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS. Sell-side analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NRDS. Morgan Stanley upped their target price on NerdWallet from $14.00 to $15.00 and gave the company an "equal weight" rating in a research 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, Barclays raised their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Institutional Trading of NerdWallet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its holdings in NerdWallet by 374.6% in the third quarter. Barclays PLC now owns 65,277 shares of the company's stock worth $830,000 after purchasing an additional 51,524 shares during the period. Geode Capital Management LLC grew its stake in shares of NerdWallet by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company's stock worth $11,751,000 after buying an additional 19,330 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of NerdWallet in the 3rd quarter worth approximately $220,000. State Street Corp increased its position in NerdWallet by 3.7% during 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 in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in NerdWallet during the third quarter valued at $890,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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