NerdWallet, Inc. (NASDAQ:NRDS) Receives $15.00 Average Target Price from Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.00.

A number of analysts have commented on NRDS shares. Citigroup cut their price target on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Barclays raised their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley cut their target price on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Finally, KeyCorp cut their target price on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, May 5th.

Institutional Trading of NerdWallet

Several hedge funds and other institutional investors have recently bought and sold shares of NRDS. KLP Kapitalforvaltning AS acquired a new stake in NerdWallet in the 4th quarter worth about $80,000. RHS Financial LLC acquired a new stake in NerdWallet in the 1st quarter worth about $100,000. EntryPoint Capital LLC acquired a new stake in NerdWallet in the 1st quarter worth about $114,000. US Bancorp DE raised its stake in NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in NerdWallet in the 1st quarter worth about $130,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Price Performance

Shares of NRDS stock opened at $10.52 on Friday. The stock has a market cap of $783.88 million, a P/E ratio of 26.30 and a beta of 1.41. The company has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $11.74. NerdWallet has a one year low of $7.55 and a one year high of $16.45.

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.