NerdWallet (NASDAQ:NRDS – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
NerdWallet Stock Up 3.7 %
Shares of NASDAQ NRDS opened at $16.09 on Tuesday. The firm’s 50-day moving average price is $14.51 and its two-hundred day moving average price is $11.28. NerdWallet has a 52-week low of $6.38 and a 52-week high of $21.74. The stock has a market capitalization of $1.22 billion, a P/E ratio of -1,607.39 and a beta of 1.44.
Wall Street Analyst Weigh In
NRDS has been the topic of several recent research reports. Barclays decreased their price target on shares of NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Truist Financial cut their target price on shares of NerdWallet from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Citigroup boosted their price objective on shares of NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Morgan Stanley lowered their target price on shares of NerdWallet from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Finally, TheStreet raised shares of NerdWallet from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Samlyn Capital LLC bought a new stake in shares of NerdWallet during the 1st quarter worth about $18,974,000. Vanguard Group Inc. boosted its holdings in shares of NerdWallet by 43.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,064,047 shares of the company’s stock worth $27,178,000 after buying an additional 924,147 shares during the period. BlackRock Inc. boosted its holdings in shares of NerdWallet by 32.8% during the 2nd quarter. BlackRock Inc. now owns 2,310,991 shares of the company’s stock worth $21,746,000 after buying an additional 570,203 shares during the period. FMR LLC boosted its holdings in shares of NerdWallet by 20.0% during the 1st quarter. FMR LLC now owns 3,003,325 shares of the company’s stock worth $48,594,000 after buying an additional 501,314 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NerdWallet by 334.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 334,495 shares of the company’s stock worth $3,148,000 after buying an additional 257,514 shares during the period. Institutional investors own 36.22% of the company’s stock.
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. 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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