NerdWallet (NASDAQ:NRDS) Upgraded at Zacks Research

Zacks Research upgraded shares of NerdWallet (NASDAQ:NRDS) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. KeyCorp upped their price target on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial increased their price objective on NerdWallet from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their price objective on NerdWallet from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Barclays boosted their target price on NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.40.

NerdWallet Trading Up 0.6%

Shares of NASDAQ NRDS opened at $14.58 on Monday. NerdWallet has a one year low of $7.55 and a one year high of $15.65. The firm has a market capitalization of $1.11 billion, a PE ratio of 15.19 and a beta of 1.45. The business has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $10.86.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $215.10 million for the quarter, compared to the consensus estimate of $193.31 million. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The business’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. Research analysts anticipate that NerdWallet will post 0.36 EPS for the current year.

Insider Transactions at NerdWallet

In related news, CAO Nicholas Tatum sold 4,272 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were 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 directly owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 46.54% of the company’s stock.

Institutional Trading of NerdWallet

Several large investors have recently made changes to their positions in NRDS. Tower Research Capital LLC TRC increased its holdings in shares of NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock valued at $43,000 after acquiring an additional 1,054 shares during the last quarter. Olympiad Research LP acquired a new stake in NerdWallet in the 3rd quarter worth approximately $119,000. Lazard Asset Management LLC acquired a new stake in NerdWallet in the 2nd quarter worth approximately $129,000. Occudo Quantitative Strategies LP bought a new stake in NerdWallet during the second quarter worth approximately $131,000. Finally, EntryPoint Capital LLC acquired a new position in NerdWallet during the first quarter valued at approximately $114,000. 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.