NerdWallet, Inc. (NASDAQ:NRDS) Receives Average Rating of “Moderate Buy” from Brokerages

NerdWallet, Inc. (NASDAQ:NRDS) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.00.

A number of analysts have weighed in on the stock. Morgan Stanley raised their price target on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Barclays raised their target price on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, KeyCorp lifted their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at NerdWallet

In other NerdWallet news, insider Topline Capital Management, Ll purchased 49,722 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was bought at an average price of $12.05 per share, with a total value of $599,150.10. Following the completion of the purchase, the insider now owns 4,839,090 shares in the company, valued at $58,311,034.50. This trade represents a 1.04 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp acquired 412,055 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the completion of the purchase, the insider now owns 5,251,145 shares of the company’s stock, valued at approximately $59,600,495.75. This represents a 8.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in NerdWallet in the second quarter worth approximately $31,000. nVerses Capital LLC bought a new stake in shares of NerdWallet in the 3rd quarter worth $62,000. US Bancorp DE acquired a new stake in shares of NerdWallet in the third quarter valued at $86,000. Intech Investment Management LLC bought a new position in NerdWallet during the third quarter valued at about $135,000. Finally, Algert Global LLC acquired a new position in NerdWallet during the second quarter worth about $196,000. 38.81% of the stock is currently owned by institutional investors.

NerdWallet Stock Up 0.4 %

Shares of NerdWallet stock opened at $14.10 on Wednesday. The business has a 50-day moving average price of $13.29 and a 200 day moving average price of $13.38. NerdWallet has a fifty-two week low of $10.10 and a fifty-two week high of $17.30. The firm has a market cap of $1.04 billion, a P/E ratio of -100.71 and a beta of 1.31.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The business had revenue of $191.30 million during the quarter, compared to the consensus estimate of $168.25 million. During the same period in the previous year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, equities research analysts anticipate that NerdWallet will post -0.11 earnings per share for the current year.

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.