NerdWallet, Inc. (NASDAQ:NRDS – Get Rating) insider Kevin Yuann sold 6,526 shares of the company's stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $10.23, for a total transaction of $66,760.98. Following the completion of the sale, the insider now directly owns 199,664 shares in the company, valued at $2,042,562.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kevin Yuann also recently made the following trade(s):
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- On Monday, December 12th, Kevin Yuann sold 1,500 shares of NerdWallet stock. The shares were sold at an average price of $9.97, for a total transaction of $14,955.00.
- On Friday, December 2nd, Kevin Yuann sold 1,188 shares of NerdWallet stock. The shares were sold at an average price of $12.94, for a total transaction of $15,372.72.
- On Friday, November 11th, Kevin Yuann sold 1,500 shares of NerdWallet stock. The shares were sold at an average price of $13.14, for a total transaction of $19,710.00.
NerdWallet Stock Performance
NRDS opened at $10.46 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.22. The company's fifty day moving average price is $10.80 and its two-hundred day moving average price is $10.47. NerdWallet, Inc. has a 1-year low of $7.07 and a 1-year high of $16.61. The company has a market cap of $777.53 million, a price-to-earnings ratio of -24.90 and a beta of 1.96.
NerdWallet (NASDAQ:NRDS – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. NerdWallet had a negative net
margin of 5.44% and a negative return on equity of 12.53%. The firm had revenue of $142.60 million during the quarter, compared to analyst estimates of $136.39 million. On average, analysts expect that NerdWallet, Inc. will post -0.18 EPS for the current fiscal year.
Institutional Trading of NerdWallet
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of NerdWallet in the 1st quarter worth $58,000. Quantbot Technologies LP bought a new stake in shares of NerdWallet in the 1st quarter worth $63,000. American International Group Inc. bought a new stake in shares of NerdWallet in the 2nd quarter worth $95,000. UBS Group AG grew its stake in shares of NerdWallet by 762.6% in the 2nd quarter. UBS Group AG now owns 14,061 shares of the company's stock worth $111,000 after acquiring an additional 12,431 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of NerdWallet in the 2nd quarter worth $113,000. Institutional investors own 31.22% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on NRDS. William Blair reiterated an "outperform" rating on shares of NerdWallet in a research report on Wednesday, January 4th. KeyCorp dropped their target price on shares of NerdWallet from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 1st. Finally, Morgan Stanley lowered their price objective on shares of NerdWallet from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.25.
NerdWallet Company Profile
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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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
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