NerdWallet (NASDAQ:NRDS) Shares Gap Up to $13.52

Shares of NerdWallet, Inc. (NASDAQ:NRDS) gapped up before the market opened on Friday . The stock had previously closed at $13.52, but opened at $14.41. NerdWallet shares last traded at $13.16, with a volume of 76,130 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NRDS shares. Truist Financial lowered their price target on NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. KeyCorp boosted their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Citigroup boosted their price objective on NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Finally, Barclays boosted their price target on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, NerdWallet has a consensus rating of “Moderate Buy” and an average target price of $16.50.

NerdWallet Stock Down 4.7 %

The company has a 50 day moving average of $15.01 and a 200 day moving average of $13.52. The firm has a market cap of $992.62 million, a price-to-earnings ratio of -75.82 and a beta of 1.39.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.01 EPS for the quarter. NerdWallet had a negative return on equity of 3.39% and a negative net margin of 2.10%. The business had revenue of $161.90 million for the quarter, compared to analysts’ expectations of $156.95 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts expect that NerdWallet, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 6,309 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 2,350,242 shares in the company, valued at $37,979,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 45.93% of the stock is currently owned by insiders.

Institutional Trading of NerdWallet

Several institutional investors and hedge funds have recently bought and sold shares of the company. G2 Investment Partners Management LLC acquired a new stake in NerdWallet during the fourth quarter valued at approximately $2,463,000. Azora Capital LP grew its holdings in shares of 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 purchasing an additional 202,149 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of NerdWallet by 76.1% during the fourth quarter. Pinebridge Investments L.P. now owns 74,509 shares of the company’s stock valued at $1,096,000 after purchasing an additional 32,196 shares during the last quarter. Olympiad Research LP bought a new position in shares of NerdWallet during the fourth quarter valued at approximately $173,000. Finally, Trexquant Investment LP grew its holdings in shares of NerdWallet by 2.7% during the fourth quarter. Trexquant Investment LP now owns 42,959 shares of the company’s stock valued at $632,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

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.