Analysts Set NerdWallet, Inc. (NASDAQ:NRDS) Price Target at $15.00

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.00.

Several analysts have issued reports on NRDS shares. KeyCorp dropped their price objective on NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Citigroup decreased their price objective on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th.

Institutional Investors Weigh In On NerdWallet

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company’s stock valued at $11,537,000 after acquiring an additional 64,366 shares during the period. JPMorgan Chase & Co. boosted its position in shares of NerdWallet by 556.8% during the 4th quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company’s stock worth $3,206,000 after purchasing an additional 204,326 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of NerdWallet in the 4th quarter valued at about $799,000. Quinn Opportunity Partners LLC increased its position in NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company’s stock valued at $11,887,000 after buying an additional 867,681 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in NerdWallet by 28.0% during the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company’s stock worth $231,000 after buying an additional 5,589 shares during the period. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Stock Performance

Shares of NRDS stock opened at $10.38 on Friday. NerdWallet has a 52 week low of $7.55 and a 52 week high of $16.45. The company’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.05. The company has a market capitalization of $773.41 million, a P/E ratio of 26.62 and a beta of 1.45.

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.