Nicholas Tatum Sells 4,272 Shares of NerdWallet (NASDAQ:NRDS) Stock

Key Points

• Nicholas Tatum, the Chief Accounting Officer of NerdWallet, sold 4,272 shares of the company's stock at an average price of $10.76, totaling approximately $45,966.72, resulting in a 5.91% decrease in his position.
• NerdWallet's stock price is currently $10.95, with a market capitalization of $832.20 million and a 12-month trading range between $7.55 and $16.45.
• Analyst ratings on NerdWallet's stock reflect a Moderate Buy consensus, with a revised average price target of $13.60 following downgrades by Truist Financial and Barclays.

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) CAO Nicholas Tatum sold 4,272 shares of NerdWallet stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total transaction of $45,966.72. Following the completion of the sale, the chief accounting officer directly owned 68,020 shares in the company, valued at approximately $731,895.20. The trade was a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NerdWallet Price Performance

Shares of NASDAQ NRDS traded down $0.08 on Monday, hitting $10.95. The company's stock had a trading volume of 386,070 shares, compared to its average volume of 523,083. The stock has a 50 day moving average of $10.59 and a 200-day moving average of $10.27. The company has a market capitalization of $832.20 million, a price-to-earnings ratio of 17.66 and a beta of 1.44. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The company had revenue of $186.90 million during the quarter, compared to the consensus estimate of $195.32 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. NerdWallet's revenue for the quarter was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. Sell-side analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Trading of NerdWallet

A number of hedge funds and other institutional investors have recently made changes to their positions in NRDS. Nuveen LLC bought a new position in NerdWallet during the first quarter worth $3,661,000. Millennium Management LLC raised its stake in NerdWallet by 23.9% during the first quarter. Millennium Management LLC now owns 867,113 shares of the company's stock worth $7,847,000 after acquiring an additional 166,984 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of NerdWallet during the first quarter worth about $1,493,000. Kent Lake PR LLC boosted its holdings in NerdWallet by 115.6% in the second quarter. Kent Lake PR LLC now owns 275,000 shares of the company's stock valued at $3,017,000 after acquiring an additional 147,466 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in NerdWallet in the second quarter valued at approximately $1,046,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial reduced their price objective on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Weiss Ratings restated a "hold (c)" rating on shares of NerdWallet in a research report on Saturday, September 27th. Finally, Barclays dropped their price objective on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

About NerdWallet

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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