NerdWallet, Inc. (NASDAQ:NRDS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.50.

A number of brokerages have issued reports on NRDS. Citigroup upped their price objective on NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Barclays upped their price objective on NerdWallet from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Truist Financial decreased their price objective on NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, 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.

NerdWallet Trading Up 3.7 %

Shares of NerdWallet stock opened at $13.84 on Wednesday. The stock has a 50 day moving average of $15.24 and a 200 day moving average of $13.45. NerdWallet has a 12 month low of $6.38 and a 12 month high of $17.30. The firm has a market cap of $1.07 billion, a PE 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 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 firm had revenue of $133.70 million for the quarter, compared to the consensus estimate of $138.43 million. During the same period in the previous year, the company posted $0.12 earnings per share. NerdWallet’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that NerdWallet will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at NerdWallet

In other news, VP Samuel Yount sold 6,309 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $16.16, for a total value of $101,953.44. Following the sale, the vice president now directly owns 2,350,242 shares in the company, valued at $37,979,910.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 45.93% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

Several hedge funds and other institutional investors have recently modified their holdings of NRDS. Trexquant Investment LP increased its holdings in NerdWallet by 2.7% during the 4th quarter. Trexquant Investment LP now owns 42,959 shares of the company’s stock worth $632,000 after purchasing an additional 1,133 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in NerdWallet by 32.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,407 shares of the company’s stock worth $227,000 after purchasing an additional 3,796 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NerdWallet by 112.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock worth $68,000 after purchasing an additional 4,053 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in NerdWallet by 21.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 26,514 shares of the company’s stock worth $236,000 after purchasing an additional 4,649 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in NerdWallet during the 4th quarter worth $110,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

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.