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

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 65,167 shares of the firm’s 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 sale, the insider now owns 581,419 shares of the company’s stock, valued at approximately $8,017,768.01. This represents a 10.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NerdWallet Trading Down 1.5 %

NASDAQ:NRDS opened at $13.34 on Friday. The company has a market cap of $979.68 million, a PE ratio of -95.29 and a beta of 1.31. The company has a 50 day simple moving average of $13.46 and a two-hundred day simple moving average of $13.38. NerdWallet, Inc. has a 12 month low of $10.10 and a 12 month high of $17.30.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results 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. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The business had revenue of $191.30 million during the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the company posted ($0.01) EPS. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. Research analysts forecast that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NRDS. Los Angeles Capital Management LLC increased 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 worth $277,000 after purchasing an additional 1,190 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of NerdWallet by 11.1% in the second quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock worth $229,000 after buying an additional 1,561 shares during the period. Marshall Wace LLP lifted its position in shares of NerdWallet by 2.0% during the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company’s stock valued at $1,545,000 after buying an additional 2,070 shares in the last quarter. Quarry LP purchased a new stake in NerdWallet in the 2nd quarter worth approximately $31,000. Finally, The Manufacturers Life Insurance Company raised its stake in NerdWallet by 16.9% during the 2nd 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 during the period. 38.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of 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 NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, KeyCorp upped their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report 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 an average rating of “Moderate Buy” and an average price target of $17.00.

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.