NerdWallet (NASDAQ:NRDS) Issues Quarterly Earnings Results

NerdWallet (NASDAQ:NRDS) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. NerdWallet updated its Q1 2025 guidance to EPS.

NerdWallet Price Performance

NRDS stock opened at $13.98 on Thursday. The stock has a 50-day simple moving average of $13.84 and a two-hundred day simple moving average of $13.23. NerdWallet has a twelve month low of $10.10 and a twelve month high of $17.30.

Analyst Ratings Changes

A number of equities research analysts have commented on NRDS shares. KeyCorp raised their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price objective on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their target price on NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Insider Activity

In other news, insider Samuel Yount sold 76,185 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $13.40, for a total value of $1,020,879.00. Following the completion of the sale, the insider now directly owns 522,656 shares of the company’s stock, valued at $7,003,590.40. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lauren Stclair sold 11,856 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.04, for a total value of $166,458.24. Following the sale, the chief financial officer now owns 313,100 shares of the company’s stock, valued at $4,395,924. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 822,353 shares of company stock worth $11,051,439. 45.93% of the stock is currently owned by insiders.

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.