Samuel Yount, Chief Business Officer at NerdWallet, Inc., sold (NASDAQ:NRDS), a significant portion of his holdings in the company, according to a recent filing with the Securities and Exchange Commission. The company, which is currently trading near $13.50, shows promising potential according to InvestingPro data, with analysts suggesting targets of up to $20 per share. The transactions, which were executed pursuant to a prearranged 10b5-1 trading plan, included the sale of 443,339 shares of Class A common stock. These sales were executed on December 30, 2024 and January 2, 2025, at prices ranging from $13.45 to $13.49 per share, for a total of approximately $5.98 million. While the stock showed high volatility, InvestingPro The analysis indicates an overall financial health score of “good”, with liquid assets exceeding short-term liabilities.
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 by trusts and a limited liability company. With the company's next earnings report scheduled for February 12, 2025, investors can access comprehensive analysis and additional insights through the detailed Pro Research report available at 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 SME revenues witnessed significant growth, while the credit card and loan segments saw a decline. However, NerdWallet remains optimistic about future growth, and expects revenue to increase in the next quarter from its acquisition of the next (LON:) Lend the door.
The company's third-quarter revenue rose to $191 million, an increase of 25% year over year, with insurance segment revenues up 916% and SMB revenues growing 12% to $28 million. Despite these gains, credit card and loan revenues declined 16% and 28%, respectively. Furthermore, NerdWallet reported a 7% decline in monthly unique users, while the number of registered users surpassed 23 million.
NerdWallet expects fourth-quarter revenue to range between $164 million and $172 million, indicating 26% year-over-year growth. The company's long-term growth strategy includes a focus on vertical integration and improving consumer experiences. The acquisition of Next Door Lending is expected to contribute 1-2 percentage points to Q4 revenue growth. Despite some downward trends, including declines in credit card and loan revenues, and a decline in the number of monthly unique users, NerdWallet maintains a positive outlook, supported by strategic acquisitions and a focus on user engagement.
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