NerdWallet (NASDAQ:NRDS) Insider Samuel Yount Sells 3,011 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 3,011 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.61, for a total transaction of $31,946.71. Following the transaction, the insider owned 198,251 shares in the company, valued at approximately $2,103,443.11. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NerdWallet Price Performance

Shares of NRDS stock opened at $10.09 on Tuesday. The company has a fifty day moving average price of $11.41 and a two-hundred day moving average price of $12.15. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.24. The stock has a market cap of $673.91 million, a P/E ratio of 15.77 and a beta of 1.44.

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

NerdWallet declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 16th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

NRDS has been the subject of a number of recent analyst reports. Oppenheimer cut their price objective on NerdWallet from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Morgan Stanley lowered NerdWallet from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $14.00 to $9.00 in a report on Friday. Zacks Research downgraded NerdWallet from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, Truist Financial cut their price target on NerdWallet from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Four 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. According to MarketBeat, NerdWallet currently has an average rating of “Hold” and an average price target of $14.33.

Institutional Investors Weigh In On NerdWallet

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of 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 purchasing an additional 1,054 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NerdWallet by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock worth $249,000 after purchasing an additional 1,934 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in NerdWallet by 12.4% in the 2nd 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. AQR Capital Management LLC grew its holdings in NerdWallet by 1.3% in the 4th quarter. AQR Capital Management LLC now owns 184,082 shares of the company’s stock valued at $2,494,000 after buying an additional 2,316 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in NerdWallet by 7.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,545 shares of the company’s stock valued at $482,000 after buying an additional 2,447 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.