NerdWallet (NASDAQ:NRDS – Get Free Report) had its price objective decreased by equities research analysts at Oppenheimer from $20.00 to $18.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 50.25% from the stock’s current price.
NerdWallet Trading Down 18.1 %
NASDAQ NRDS traded down $2.65 during midday trading on Thursday, hitting $11.98. The company had a trading volume of 570,482 shares, compared to its average volume of 325,686. The company has a market capitalization of $931.33 million, a PE ratio of -70.47 and a beta of 1.46. NerdWallet has a twelve month low of $6.38 and a twelve month high of $17.30. The firm has a 50-day moving average price of $14.38 and a 200-day moving average price of $14.71.
NerdWallet (NASDAQ:NRDS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $150.60 million for the quarter, compared to analyst estimates of $149.93 million. NerdWallet had a negative return on equity of 3.36% and a negative net margin of 2.10%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. On average, equities analysts anticipate that NerdWallet will post 0.22 EPS for the current year.
Insider Activity
Institutional Trading of NerdWallet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRDS. Meeder Asset Management Inc. acquired a new stake in NerdWallet during the 4th quarter worth about $110,000. SG Americas Securities LLC bought a new stake in NerdWallet in the fourth quarter worth approximately $133,000. Arizona State Retirement System acquired a new position in NerdWallet in the fourth quarter valued at approximately $151,000. Olympiad Research LP acquired a new stake in shares of NerdWallet during the 4th quarter worth approximately $173,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of NerdWallet during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 38.81% of the company’s stock.
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.
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