NerdWallet, Inc. (NASDAQ:NRDS) Given Consensus Rating of “Moderate Buy” by Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.50.

Several analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, February 12th. 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. Barclays boosted their price objective on shares of NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Truist Financial decreased their price objective on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, February 15th.

Insider Activity

In other NerdWallet news, VP Samuel Yount sold 6,309 shares of the stock in a transaction 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 sale, the vice president now directly owns 2,350,242 shares of the company’s stock, valued at $37,979,910.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.93% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

A number of institutional investors and hedge funds have recently bought and sold shares of NRDS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NerdWallet by 112.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock valued at $68,000 after purchasing an additional 4,053 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of NerdWallet during the 4th quarter valued at about $110,000. Prudent Man Advisors LLC bought a new position in shares of NerdWallet during the 3rd quarter valued at about $111,000. SG Americas Securities LLC bought a new position in shares of NerdWallet during the 4th quarter valued at about $133,000. Finally, Arizona State Retirement System bought a new position in shares of NerdWallet during the 4th quarter valued at about $151,000. Institutional investors own 38.81% of the company’s stock.

NerdWallet Trading Up 3.7 %

Shares of NRDS opened at $13.84 on Wednesday. NerdWallet has a twelve month low of $6.38 and a twelve month high of $17.30. The firm’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $13.45. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -86.50 and a beta of 1.39.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.14). NerdWallet had a negative return on equity of 3.24% and a negative net margin of 1.97%. The company had revenue of $133.70 million for the quarter, compared to analyst estimates of $138.43 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. NerdWallet’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that NerdWallet will post 0.22 earnings per share for the current fiscal year.

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.