NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 65,167 shares of NerdWallet stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total transaction of $898,652.93. Following the transaction, the insider now owns 581,419 shares of the company's stock, valued at $8,017,768.01. This represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NerdWallet Stock Performance
NASDAQ NRDS traded down $0.20 on Friday, hitting $13.34. 392,618 shares of the stock traded hands, compared to its average volume of 458,387. The business's fifty day moving average is $13.45 and its two-hundred day moving average is $13.38. NerdWallet, Inc. has a 12 month low of $10.10 and a 12 month high of $17.30. The firm has a market capitalization of $979.69 million, a price-to-earnings ratio of -95.28 and a beta of 1.31.
NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $191.30 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. Analysts expect that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.
Institutional Trading of NerdWallet
A number of institutional investors have recently modified their holdings of NRDS. Los Angeles Capital Management LLC lifted its position in shares of 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 acquiring an additional 1,190 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in NerdWallet by 11.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company's stock worth $229,000 after purchasing an additional 1,561 shares in the last quarter. Marshall Wace LLP boosted its stake in NerdWallet by 2.0% in the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company's stock worth $1,545,000 after purchasing an additional 2,070 shares during the period. Quarry LP bought a new position in NerdWallet in the 2nd quarter worth about $31,000. Finally, The Manufacturers Life Insurance Company grew its holdings in NerdWallet by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company's stock valued at $219,000 after buying an additional 2,172 shares in the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on NRDS shares. KeyCorp increased their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Morgan Stanley upped 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 stock an "overweight" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.
Check Out Our Latest Report on NerdWallet
About NerdWallet
(
Get Free Report)
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.
Further Reading
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