NerdWallet (NASDAQ:NRDS) CAO Nicholas Tatum Sells 893 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) CAO Nicholas Tatum sold 893 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $11.45, for a total value of $10,224.85. Following the transaction, the chief accounting officer directly owned 57,948 shares of the company’s stock, valued at $663,504.60. The trade was a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicholas Tatum also recently made the following trade(s):

• On Thursday, March 5th, Nicholas Tatum sold 10,151 shares of NerdWallet stock. The stock was sold at an average price of $11.45, for a total value of $116,228.95.

NerdWallet Stock Performance

Shares of NRDS traded down $0.17 during trading hours on Friday, hitting $11.16. 976,076 shares of the stock were exchanged, compared to its average volume of 1,214,935. The stock’s 50-day moving average price is $11.78 and its two-hundred day moving average price is $12.11. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.24. The company has a market cap of $745.38 million, a price-to-earnings ratio of 17.44 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $211.37 million. NerdWallet had a net margin of 5.82% and a return on equity of 12.66%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

NerdWallet declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 16th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NRDS shares. Barclays lifted their target price on shares of NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial reduced their price target on shares of NerdWallet from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Oppenheimer decreased their price objective on NerdWallet from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday. KeyCorp upped their price target on NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Zacks Research cut shares of NerdWallet from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NerdWallet currently has an average rating of “Hold” and an average target price of $15.17.

Institutional Investors Weigh In On NerdWallet

Several large investors have recently bought and sold shares of NRDS. Tower Research Capital LLC TRC increased its stake in shares of NerdWallet by 37.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after buying an additional 1,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NerdWallet by 9.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock valued at $249,000 after acquiring an additional 1,934 shares in the last quarter. JPMorgan Chase & Co. grew its stake in NerdWallet by 12.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company’s stock worth $215,000 after buying an additional 2,161 shares during the last quarter. AQR Capital Management LLC grew its position in shares of NerdWallet by 1.3% during the fourth quarter. AQR Capital Management LLC now owns 184,082 shares of the company’s stock worth $2,494,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in NerdWallet by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,545 shares of the company’s stock worth $482,000 after purchasing an additional 2,447 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

NerdWallet Company Profile

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.