Insider Selling: NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells 440,336 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares in the company, valued at $3,429,657.13. This represents a 63.40 % decrease in their position. The sale was disclosed in a document filed 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 transaction of $40,390.35.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The stock was sold at an average price of $13.14, for a total transaction of $2,029,670.10.
• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The shares were sold at an average price of $13.39, for a total transaction 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 value of $898,652.93.

NerdWallet Price Performance

NRDS traded up $0.20 on Thursday, hitting $13.50. The company had a trading volume of 1,253,836 shares, compared to its average volume of 460,891. The stock has a market cap of $991.43 million, a price-to-earnings ratio of -96.42 and a beta of 1.31. The company’s fifty day moving average price is $13.77 and its 200 day moving average price is $13.35. NerdWallet, Inc. has a 1-year low of $10.10 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same period in the previous year, the company earned ($0.01) earnings per share. NerdWallet’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, sell-side analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NRDS. Quarry LP bought a new position in shares of NerdWallet during the 2nd quarter worth about $31,000. nVerses Capital LLC bought a new position in NerdWallet during the third quarter valued at about $62,000. US Bancorp DE acquired a new position in NerdWallet in the 3rd quarter valued at approximately $86,000. Intech Investment Management LLC acquired a new position in NerdWallet in the 3rd quarter valued at approximately $135,000. Finally, TNF LLC bought a new stake in shares of NerdWallet in the 3rd quarter worth approximately $178,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NRDS. Morgan Stanley lifted their price target on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Barclays boosted their target price on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp increased their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two 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 currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

About NerdWallet

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.