NerdWallet (NASDAQ:NRDS) Trading 5.2% Higher

Shares of NerdWallet, Inc. (NASDAQ:NRDSGet Rating) traded up 5.2% during trading on Tuesday . The company traded as high as $8.36 and last traded at $8.34. 7,052 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 511,785 shares. The stock had previously closed at $7.93.

Separately, Citigroup cut their price objective on shares of NerdWallet from $30.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

The firm’s 50 day moving average is $10.02 and its 200 day moving average is $11.70.

NerdWallet (NASDAQ:NRDSGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The company had revenue of $129.10 million for the quarter, compared to the consensus estimate of $123.28 million. On average, analysts predict that NerdWallet, Inc. will post -0.27 EPS for the current fiscal year.

In other news, CMO Kelly Gillease sold 3,191 shares of NerdWallet stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $11.99, for a total value of $38,260.09. Following the completion of the transaction, the chief marketing officer now owns 162,449 shares of the company’s stock, valued at approximately $1,947,763.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Lauren Stclair sold 5,532 shares of NerdWallet stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $11.99, for a total value of $66,328.68. Following the completion of the transaction, the chief financial officer now directly owns 225,611 shares of the company’s stock, valued at approximately $2,705,075.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,143 shares of company stock worth $166,511. 49.56% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Innovius Capital Management LLC purchased a new position in shares of NerdWallet in the 4th quarter worth about $81,006,000. Point72 Asset Management L.P. purchased a new position in NerdWallet in the 4th quarter worth about $9,099,000. Schonfeld Strategic Advisors LLC purchased a new position in NerdWallet in the 4th quarter worth about $5,622,000. Rit Capital Partners PLC purchased a new position in NerdWallet in the 4th quarter worth about $3,888,000. Finally, HST Ventures LLC raised its position in NerdWallet by 8.3% in the 1st quarter. HST Ventures LLC now owns 220,799 shares of the company’s stock worth $2,647,000 after buying an additional 16,889 shares during the last quarter. 49.04% of the stock is owned by hedge funds and other institutional investors.

About NerdWallet (NASDAQ:NRDS)

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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