Key Points
- Samuel Yount sold 15,945 NerdWallet shares on Dec. 2 at an average price of $16.04 for $255,757.80, trimming his position to 358,116 shares (a 4.26% decrease, valued at about $5.74M).
- Yount has executed multiple recent sales — totaling 43,635 shares across November and early December — indicating meaningful insider selling activity.
- NerdWallet recently beat quarterly estimates (EPS $0.34 vs. $0.20 expected; revenue $215.1M vs. $193.3M expected), with the stock trading around $15.75 and analysts averaging a "Moderate Buy" rating and a $15.40 target.
NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Samuel Yount sold 15,945 shares of the firm's stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $16.04, for a total transaction of $255,757.80. Following the sale, the insider owned 358,116 shares in the company, valued at approximately $5,744,180.64. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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 transaction 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 transaction 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 Price Performance
NRDS stock traded up $0.15 during mid-day trading on Friday, reaching $15.75. 29,218 shares of the company's stock were exchanged, compared to its average volume of 557,519. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.24. The stock's 50 day moving average is $12.53 and its 200 day moving average is $11.34. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 16.40 and a beta of 1.42.
NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $215.10 million during the quarter, compared to analysts' expectations of $193.31 million. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.NerdWallet's revenue for the quarter was up 12.4% compared to the same quarter last year. On average, research analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NerdWallet
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake 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 buying an additional 1,054 shares in the last quarter. Polymer Capital Management US LLC purchased a new position in NerdWallet during the 3rd quarter valued at about $111,000. Olympiad Research LP acquired a new position in NerdWallet in the 3rd quarter valued at about $119,000. Prelude Capital Management LLC purchased a new stake in NerdWallet during the third quarter worth about $119,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of NerdWallet during the second quarter worth about $129,000. Institutional investors and hedge funds own 38.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on NRDS. Weiss Ratings reissued a "hold (c)" rating on shares of NerdWallet in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of NerdWallet from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Monday, November 10th. Zacks Research raised shares of NerdWallet from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 10th. KeyCorp upped their price target on shares of NerdWallet from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, November 7th. Finally, Truist Financial raised their price target 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $15.40.
Get Our Latest Research Report on NerdWallet
About NerdWallet
(
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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.
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