Insider Selling: NerdWallet (NASDAQ:NRDS) Insider Sells 15,945 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 15,945 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $16.04, for a total transaction of $255,757.80. Following the sale, the insider directly owned 358,116 shares in the company, valued at approximately $5,744,180.64. The trade was a 4.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 26th, Samuel Yount sold 10,000 shares of NerdWallet stock. The stock was sold at an average price of $15.07, for a total value of $150,700.00.
• On Monday, November 24th, Samuel Yount sold 5,040 shares of NerdWallet stock. The stock was sold at an average price of $14.28, for a total value of $71,971.20.
• On Friday, November 14th, Samuel Yount sold 521 shares of NerdWallet stock. The shares were sold at an average price of $14.25, for a total value of $7,424.25.
• On Thursday, November 13th, Samuel Yount sold 12,129 shares of NerdWallet stock. The stock was sold at an average price of $14.34, for a total value of $173,929.86.

NerdWallet Stock Performance

NASDAQ NRDS traded up $0.05 on Thursday, reaching $15.60. The stock had a trading volume of 852,758 shares, compared to its average volume of 559,770. The stock has a market cap of $1.13 billion, a P/E ratio of 16.25 and a beta of 1.42. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.24. The business’s 50-day moving average price is $12.44 and its 200 day moving average price is $11.31.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. NerdWallet had a net margin of 9.22% and a return on equity of 9.27%. The business had revenue of $215.10 million for the quarter, compared to analysts’ expectations of $193.31 million. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NRDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. Truist Financial boosted their price target on NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Barclays upped their price objective on NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. KeyCorp lifted their target price on NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Zacks Research raised NerdWallet from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NerdWallet currently has an average rating of “Moderate Buy” and an average target price of $15.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in NerdWallet by 37.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock valued at $43,000 after acquiring an additional 1,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NerdWallet by 9.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock valued at $249,000 after purchasing an additional 1,934 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NerdWallet by 12.4% in the second quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company’s stock valued at $215,000 after purchasing an additional 2,161 shares during the period. State of Wyoming lifted its stake in shares of NerdWallet by 4.2% in the third quarter. State of Wyoming now owns 68,537 shares of the company’s stock valued at $737,000 after purchasing an additional 2,753 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in NerdWallet by 22.8% during the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company’s stock worth $170,000 after buying an additional 2,877 shares in the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

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.