NerdWallet (NASDAQ:NRDS) Insider Sells $742,916.16 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 71,988 shares of NerdWallet stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $10.32, for a total value of $742,916.16. Following the sale, the insider directly owned 173,973 shares in the company, valued at approximately $1,795,401.36. The trade was a 29.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 12th, Samuel Yount sold 3,011 shares of NerdWallet stock. The stock was sold at an average price of $10.61, for a total value of $31,946.71.

NerdWallet Stock Performance

Shares of NRDS opened at $9.97 on Friday. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.24. The stock has a 50-day moving average price of $11.12 and a 200 day moving average price of $12.13. The company has a market capitalization of $665.90 million, a P/E ratio of 15.58 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $225.40 million for 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%.NerdWallet’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities research analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

NerdWallet announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 16th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On NerdWallet

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of NerdWallet by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,994,180 shares of the company’s stock worth $42,977,000 after purchasing an additional 48,205 shares during the period. Dimensional Fund Advisors LP grew its position in shares of NerdWallet by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,169,058 shares of the company’s stock valued at $15,842,000 after buying an additional 55,003 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of NerdWallet by 26.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,790 shares of the company’s stock valued at $12,200,000 after buying an additional 234,691 shares during the last quarter. Geode Capital Management LLC raised its stake in NerdWallet by 9.7% during the second quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock worth $10,154,000 after acquiring an additional 81,986 shares during the period. Finally, State Street Corp lifted its holdings in NerdWallet by 3.2% in the fourth quarter. State Street Corp now owns 922,142 shares of the company’s stock worth $12,495,000 after acquiring an additional 28,844 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Analyst Ratings Changes

NRDS has been the topic of a number of research analyst reports. Zacks Research downgraded shares of NerdWallet from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Morgan Stanley lowered shares of NerdWallet from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $14.00 to $9.00 in a research note on Friday, March 13th. Oppenheimer reduced their price target on shares of NerdWallet from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Truist Financial lowered their price objective on NerdWallet from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, NerdWallet has a consensus rating of “Hold” and a consensus target price of $14.33.

About NerdWallet

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.