NerdWallet, Inc. (NASDAQ:NRDS) Receives $16.50 Average PT from Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.50.

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Citigroup upped their price objective on shares of NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Truist Financial reduced their price objective on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, Barclays upped their price objective on shares of NerdWallet from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th.

NerdWallet Trading Down 4.7 %

NASDAQ:NRDS opened at $12.89 on Wednesday. NerdWallet has a twelve month low of $6.38 and a twelve month high of $17.30. The company has a 50-day moving average of $15.01 and a 200-day moving average of $13.58. The firm has a market cap of $992.66 million, a price-to-earnings ratio of -75.82 and a beta of 1.39.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.01 earnings per share for the quarter. NerdWallet had a negative net margin of 2.10% and a negative return on equity of 3.39%. The company had revenue of $161.90 million during the quarter, compared to analyst estimates of $156.95 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, research analysts forecast that NerdWallet will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Samuel Yount sold 6,309 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $16.16, for a total transaction of $101,953.44. Following the completion of the sale, the vice president now directly owns 2,350,242 shares in the company, valued at $37,979,910.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 45.93% of the stock is currently owned by corporate insiders.

Institutional Trading of NerdWallet

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of NerdWallet by 5.6% during the third quarter. Vanguard Group Inc. now owns 3,526,688 shares of the company’s stock worth $31,352,000 after purchasing an additional 187,422 shares during the period. FMR LLC raised its position in NerdWallet by 88.7% during the third quarter. FMR LLC now owns 3,486,387 shares of the company’s stock valued at $30,994,000 after acquiring an additional 1,638,515 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in NerdWallet by 23.5% during the third quarter. Brandywine Global Investment Management LLC now owns 1,228,046 shares of the company’s stock valued at $10,917,000 after acquiring an additional 233,975 shares in the last quarter. Azora Capital LP raised its position in NerdWallet by 23.7% during the fourth quarter. Azora Capital LP now owns 1,054,105 shares of the company’s stock valued at $15,516,000 after acquiring an additional 202,149 shares in the last quarter. Finally, Steamboat Capital Partners LLC raised its position in NerdWallet by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 442,761 shares of the company’s stock valued at $3,936,000 after acquiring an additional 8,215 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Company Profile

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.