NerdWallet (NASDAQ:NRDS) Shares Down 5.1% – Time to Sell?

NerdWallet, Inc. (NASDAQ:NRDS)’s stock price was down 5.1% during mid-day trading on Tuesday . The company traded as low as $8.72 and last traded at $8.6150. 120,838 shares changed hands during trading, a decline of 86% from the average daily volume of 847,276 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NRDS. Zacks Research raised NerdWallet from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of NerdWallet in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.83.

NerdWallet Stock Down 5.0%

The company has a market cap of $517.75 million, a price-to-earnings ratio of 9.10 and a beta of 1.24. The stock’s 50-day simple moving average is $9.48 and its 200 day simple moving average is $9.50.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). NerdWallet had a net margin of 7.56% and a return on equity of 18.07%. The company had revenue of $197.30 million during the quarter, compared to analysts’ expectations of $195.30 million. During the same period last year, the firm posted $0.11 earnings per share. NerdWallet’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that NerdWallet, Inc. will post 0.88 EPS for the current fiscal year.

Insider Transactions at NerdWallet

In other NerdWallet news, major shareholder Topline Capital Partners, Lp sold 454,872 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $9.27, for a total value of $4,216,663.44. Following the sale, the insider owned 3,289,285 shares of the company’s stock, valued at $30,491,671.95. The trade was a 12.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,961,860 shares of company stock valued at $17,862,921 over the last 90 days. 52.75% of the stock is owned by insiders.

Institutional Investors Weigh In On NerdWallet

Institutional investors have recently modified their holdings of the company. Covestor Ltd acquired a new stake in NerdWallet in the 4th quarter valued at about $34,000. First Trust Advisors LP grew its position in shares of NerdWallet by 2.5% during the first quarter. First Trust Advisors LP now owns 112,917 shares of the company’s stock worth $1,172,000 after buying an additional 2,801 shares in the last quarter. State of Wyoming increased its stake in shares of NerdWallet by 5.8% during the first quarter. State of Wyoming now owns 59,142 shares of the company’s stock worth $614,000 after buying an additional 3,263 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of NerdWallet during the first quarter worth approximately $41,000. Finally, Quantinno Capital Management LP raised its holdings in NerdWallet by 286.0% in the first quarter. Quantinno Capital Management LP now owns 72,764 shares of the company’s stock valued at $755,000 after acquiring an additional 53,915 shares in the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

About NerdWallet

NerdWallet, Inc is a personal finance company that operates a digital platform designed to help consumers make informed financial decisions. Its website and mobile products provide educational content, comparison tools and personalized recommendations across areas such as credit cards, banking, personal loans, mortgages, insurance, investing and everyday money management.

The company’s platform connects consumers with financial products from banks, lenders, insurers and other providers.