NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $5,940,132.64 in Stock

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 440,336 shares of NerdWallet stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

NerdWallet Price Performance

Shares of NRDS stock traded up $0.20 during trading on Thursday, reaching $13.50. The company had a trading volume of 1,253,836 shares, compared to its average volume of 460,891. The firm's 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $13.35. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30. The company has a market capitalization of $991.43 million, a PE ratio of -96.42 and a beta of 1.31.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRDS shares. 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 report on Wednesday, October 30th. KeyCorp increased 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 boosted their target price on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, NerdWallet has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Hedge Funds Weigh In On NerdWallet

Several large investors have recently bought and sold shares of NRDS. Los Angeles Capital Management LLC grew its stake in shares of NerdWallet by 5.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company's stock valued at $277,000 after purchasing an additional 1,190 shares during the period. Cubist Systematic Strategies LLC boosted its stake in NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company's stock valued at $229,000 after buying an additional 1,561 shares in the last quarter. Marshall Wace LLP grew its position 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 during the second quarter worth $31,000. Finally, The Manufacturers Life Insurance Company raised 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 acquiring an additional 2,172 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.