Analysts Set NerdWallet, Inc. (NASDAQ:NRDS) Target Price at $13.60

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.60.

A number of equities analysts recently commented on the company. Truist Financial decreased their target price on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Barclays decreased their target price on NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th.

NerdWallet Price Performance

NASDAQ NRDS opened at $11.58 on Tuesday. The business’s fifty day moving average price is $10.88 and its 200-day moving average price is $10.57. The stock has a market capitalization of $880.08 million, a price-to-earnings ratio of 18.68 and a beta of 1.44. NerdWallet has a 1-year low of $7.55 and a 1-year high of $16.45.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $186.90 million for the quarter, compared to analysts’ expectations of $195.32 million. NerdWallet had a return on equity of 2.54% and a net margin of 6.11%.The company’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. NerdWallet has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that NerdWallet will post 0.36 EPS for the current year.

Insider Transactions at NerdWallet

In other NerdWallet news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total value of $45,966.72. Following the completion of the sale, the chief accounting officer owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 46.54% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

A number of institutional investors have recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of NerdWallet during the first quarter valued at approximately $3,661,000. Millennium Management LLC raised its position in shares of NerdWallet by 23.9% during the first quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock valued at $7,847,000 after buying an additional 166,984 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of NerdWallet during the first quarter valued at approximately $1,493,000. Kent Lake PR LLC grew its position in shares of NerdWallet by 115.6% during the second quarter. Kent Lake PR LLC now owns 275,000 shares of the company’s stock valued at $3,017,000 after purchasing an additional 147,466 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of NerdWallet during the second quarter valued at about $1,046,000. Hedge funds and other institutional investors 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.