NerdWallet, Inc. (NASDAQ:NRDS) Insider Samuel Yount Sells 65,167 Shares

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 65,167 shares of NerdWallet stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total value of $898,652.93. Following the sale, the insider now directly owns 581,419 shares of the company’s stock, valued at $8,017,768.01. This represents a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NerdWallet Trading Down 1.5 %

Shares of NRDS traded down $0.20 during mid-day trading on Friday, reaching $13.34. The company’s stock had a trading volume of 392,618 shares, compared to its average volume of 458,387. NerdWallet, Inc. has a 52 week low of $10.10 and a 52 week high of $17.30. The company’s fifty day moving average price is $13.45 and its two-hundred day moving average price is $13.38. The stock has a market cap of $979.69 million, a PE ratio of -95.28 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last released 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 firm 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 company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Research analysts anticipate that NerdWallet, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on NRDS. Barclays raised their price target on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp raised their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Institutional Trading of NerdWallet

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in NerdWallet during the 2nd quarter valued at $445,000. Bank of New York Mellon Corp grew its stake in shares of NerdWallet by 27.6% in the second quarter. Bank of New York Mellon Corp now owns 122,873 shares of the company’s stock worth $1,794,000 after purchasing an additional 26,572 shares during the last quarter. Legato Capital Management LLC purchased a new position in NerdWallet during the 2nd quarter valued at about $555,000. Natixis Advisors LLC bought a new position in NerdWallet during the 2nd quarter valued at approximately $250,000. Finally, Rhumbline Advisers lifted its holdings in NerdWallet by 17.6% in the 2nd quarter. Rhumbline Advisers now owns 52,373 shares of the company’s stock worth $765,000 after buying an additional 7,837 shares during the period. Hedge funds and other institutional investors own 38.81% of the company’s stock.

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.