NerdWallet (NRDS) Scheduled to Post Earnings on Thursday

NerdWallet (NASDAQ:NRDS) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect NerdWallet to post earnings of $0.00 per share for the quarter. NerdWallet has set its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Wednesday, February 14th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The business had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $138.43 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts expect NerdWallet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NerdWallet Stock Down 0.1 %

NerdWallet stock opened at $13.35 on Thursday. NerdWallet has a 52-week low of $6.38 and a 52-week high of $17.30. The firm’s fifty day moving average is $15.38 and its 200 day moving average is $13.32. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -83.43 and a beta of 1.39.

Analyst Upgrades and Downgrades

NRDS has been the topic of several recent research reports. Citigroup upped their target price on shares of NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. KeyCorp upped their price objective on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Truist Financial dropped their target price on NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, February 15th. TheStreet upgraded NerdWallet from a “d+” rating to a “c-” rating in a report on Thursday, December 21st. Finally, Barclays lifted their price objective on shares of NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Insider Activity at NerdWallet

In other news, VP Samuel Yount sold 6,309 shares of NerdWallet stock in a transaction on Friday, February 23rd. The stock was 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 can be accessed through the SEC website. 45.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On NerdWallet

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in shares of NerdWallet by 2.2% in the fourth quarter. California State Teachers Retirement System now owns 38,220 shares of the company’s stock valued at $563,000 after purchasing an additional 809 shares during the period. Nuveen Asset Management LLC raised its position in NerdWallet by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 89,098 shares of the company’s stock valued at $1,312,000 after purchasing an additional 939 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NerdWallet by 8.7% in the 4th quarter. JPMorgan Chase & Co. now owns 15,223 shares of the company’s stock worth $146,000 after buying an additional 1,224 shares during the period. Rhumbline Advisers grew its position in shares of NerdWallet by 5.7% during the 1st quarter. Rhumbline Advisers now owns 34,546 shares of the company’s stock worth $559,000 after buying an additional 1,878 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of NerdWallet by 10.1% during the third quarter. Legal & General Group Plc now owns 26,022 shares of the company’s stock valued at $231,000 after buying an additional 2,379 shares during the period. 38.81% of the stock is currently owned by institutional investors.

About NerdWallet

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.