Samuel Yount, the Chief Business Officer of NerdWallet, Inc. (NASDAQ:NRDS), has sold a significant portion of his holdings in the company, according to a recent SEC filing. The company, currently trading near $13.50, shows promising potential according to InvestingPro data, with analyst targets suggesting up to $20 per share. The transactions, executed under a pre-arranged 10b5-1 trading plan, involved the sale of 443,339 shares of Class A Common Stock. These sales were carried out on December 30, 2024, and January 2, 2025, at prices ranging from $13.45 to $13.49 per share, totaling approximately $5.98 million. While the stock has shown high volatility, InvestingPro analysis indicates a "GOOD" overall financial health score, with liquid assets exceeding short-term obligations.
Following the transactions, Yount retains ownership of 519,351 shares, which includes 506,424 restricted stock units payable in Class A Common Stock. The shares were sold indirectly, with ownership held by trusts and an LLC. With the company’s next earnings report due February 12, 2025, investors can access comprehensive analysis and additional insights through the detailed Pro Research Report available on InvestingPro.
In other recent news, NerdWallet reported a 25% year-over-year revenue increase to $191 million in its Q3 2024 earnings call, despite facing market challenges. The company’s insurance segment and small- and medium-sized business (SMB) revenues saw significant growth, while credit card and loan segments experienced declines. However, NerdWallet remains optimistic about future growth, anticipating a revenue boost in the upcoming quarter from its acquisition of Next (LON:NXT) Door Lending.
The company’s Q3 revenue rose to $191 million, a 25% increase year-over-year, with the insurance segment’s revenue skyrocketing by 916% and SMB revenue growing by 12% to reach $28 million. Despite these gains, credit card and loan revenues declined by 16% and 28%, respectively. Furthermore, NerdWallet reported a decrease in Monthly Unique Users by 7%, while its registered users surpassed 23 million.
NerdWallet expects Q4 revenue to be between $164 million and $172 million, indicating a 26% year-over-year growth. The company’s long-term growth strategy involves a focus on vertical integration and improved consumer experiences. The acquisition of Next Door Lending is anticipated to contribute 1-2 percentage points to Q4 revenue growth. Despite some bearish trends, including declines in credit card revenue and loans, and a decrease in Monthly Unique Users, NerdWallet maintains a positive outlook, backed by strategic acquisitions and a focus on user engagement.
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