Samuel Yount Sells 10,000 Shares of NerdWallet (NASDAQ:NRDS) Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 10,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $15.07, for a total transaction of $150,700.00. Following the completion of the sale, the insider directly owned 374,061 shares in the company, valued at approximately $5,637,099.27. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

NerdWallet Price Performance

NRDS opened at $15.93 on Wednesday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 16.59 and a beta of 1.42. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.24. The company has a fifty day moving average price of $12.34 and a 200-day moving average price of $11.28.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on NRDS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Barclays lifted their target price on shares of NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Morgan Stanley increased their price target on shares of NerdWallet from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Finally, KeyCorp raised their price objective on shares of NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NerdWallet currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.40.

Institutional Trading of NerdWallet

Several hedge funds and other institutional investors have recently bought and sold shares of NRDS. Tower Research Capital LLC TRC grew its position in NerdWallet by 37.1% during 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 last quarter. Polymer Capital Management US LLC purchased a new stake in shares of NerdWallet in the 3rd quarter valued at $111,000. EntryPoint Capital LLC bought a new position in shares of NerdWallet during the 1st quarter valued at $114,000. Olympiad Research LP purchased a new position in NerdWallet in the 3rd quarter worth $119,000. Finally, Prelude Capital Management LLC purchased a new position in NerdWallet in the 3rd quarter worth $119,000. Hedge funds and other institutional investors 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.