NerdWallet (NASDAQ:NRDS) CAO Nicholas Tatum Sells 10,151 Shares

Key Points

• Nicholas Tatum sold 10,151 shares of NRDS on March 5 at an average price of $11.45, reducing his stake by about 17.7% to 47,202 shares and generating roughly $116,229, per an SEC filing.
• NerdWallet beat quarterly expectations, reporting $0.19 EPS vs. $0.17 expected and revenue of $225.4 million, up 22.6% year‑over‑year.
• Board authorized a $50 million buyback (up to ~5% of shares); analysts’ consensus rating is "Hold" with an average price target of $15.17.

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) CAO Nicholas Tatum sold 10,151 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $11.45, for a total value of $116,228.95. Following the transaction, the chief accounting officer owned 47,202 shares in the company, valued at approximately $540,462.90. This represents a 17.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 4th, Nicholas Tatum sold 893 shares of NerdWallet stock. The shares were sold at an average price of $11.45, for a total value of $10,224.85.

NerdWallet Price Performance

NerdWallet stock traded down $0.17 during midday trading on Friday, hitting $11.16. 976,076 shares of the company were exchanged, compared to its average volume of 1,214,935. The company has a market cap of $745.38 million, a PE ratio of 17.44 and a beta of 1.44. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.24. The company's fifty day moving average price is $11.78 and its 200-day moving average price is $12.11.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $0.51 earnings per share. The business's quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

NerdWallet announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 16th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on NRDS. Truist Financial dropped their price objective on NerdWallet from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Oppenheimer decreased their price target on shares of NerdWallet from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday. Zacks Research cut shares of NerdWallet from a "hold" rating to a "strong sell" rating in a report on Thursday, February 26th. Morgan Stanley increased their price objective on shares of NerdWallet from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Monday, November 10th. Finally, KeyCorp boosted their target price 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. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NRDS. Prudential Financial Inc. acquired a new stake in NerdWallet during the second quarter worth about $1,046,000. Walleye Capital LLC bought a new position in shares of NerdWallet during the second quarter valued at approximately $948,000. Los Angeles Capital Management LLC raised its position in shares of NerdWallet by 64.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 235,270 shares of the company's stock worth $2,581,000 after purchasing an additional 92,487 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NerdWallet by 3.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company's stock worth $10,926,000 after purchasing an additional 29,829 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in NerdWallet by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 925,503 shares of the company's stock valued at $10,154,000 after purchasing an additional 81,986 shares during the period. 38.81% of the stock is currently owned by institutional investors.

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.

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