Nicholas Tatum Sells 10,151 Shares of NerdWallet (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) CAO Nicholas Tatum sold 10,151 shares of NerdWallet stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $11.45, for a total value of $116,228.95. Following the completion of the transaction, the chief accounting officer owned 47,202 shares in the company, valued at approximately $540,462.90. The trade was a 17.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nicholas Tatum also recently made the following trade(s):

• On Wednesday, March 4th, Nicholas Tatum sold 893 shares of NerdWallet stock. The stock was sold at an average price of $11.45, for a total value of $10,224.85.

NerdWallet Stock Down 1.5%

NASDAQ:NRDS opened at $11.16 on Friday. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.24. The stock’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $12.13. The firm has a market capitalization of $745.38 million, a PE ratio of 17.44 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $225.40 million during the quarter, compared to the consensus estimate of $211.37 million. NerdWallet had a return on equity of 12.66% and a net margin of 5.82%.The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

NerdWallet announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 16th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NRDS shares. Truist Financial dropped their price objective on shares of NerdWallet from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley boosted their target price on shares of NerdWallet from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Zacks Research downgraded shares of NerdWallet from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Oppenheimer dropped their price target on NerdWallet from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NRDS. AQR Capital Management LLC boosted its position in NerdWallet by 80.6% during the 1st quarter. AQR Capital Management LLC now owns 40,432 shares of the company’s stock worth $366,000 after buying an additional 18,047 shares during the period. Millennium Management LLC increased its position in NerdWallet by 23.9% in the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock valued at $7,847,000 after acquiring an additional 166,984 shares during the period. Los Angeles Capital Management LLC increased its position in NerdWallet by 64.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 235,270 shares of the company’s stock valued at $2,581,000 after acquiring an additional 92,487 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of NerdWallet by 3.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company’s stock valued at $10,926,000 after acquiring an additional 29,829 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NerdWallet by 9.7% during the second quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock valued at $10,154,000 after acquiring an additional 81,986 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

NerdWallet Company Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.