NerdWallet (NASDAQ:NRDS - Free Report) had its price objective cut by Morgan Stanley from $15.00 to $12.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.
Several other research firms also recently commented on NRDS. KeyCorp upped their target price on NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Barclays boosted their price target on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, NerdWallet has an average rating of "Moderate Buy" and a consensus target price of $17.00.
View Our Latest Analysis on NerdWallet
NerdWallet Price Performance
NRDS stock traded down $0.22 during midday trading on Monday, reaching $9.98. 1,028,550 shares of the company were exchanged, compared to its average volume of 630,946. NerdWallet has a one year low of $9.88 and a one year high of $17.11. The firm has a market capitalization of $732.92 million, a price-to-earnings ratio of 24.95 and a beta of 1.33. The business has a 50-day moving average price of $13.57 and a two-hundred day moving average price of $13.21.
NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The company had revenue of $183.80 million during the quarter, compared to analysts' expectations of $168.33 million. As a group, analysts anticipate that NerdWallet will post 0.36 earnings per share for the current fiscal year.
Insider Buying and Selling at NerdWallet
In related news, insider Samuel Yount sold 76,185 shares of NerdWallet stock in a transaction that occurred 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 transaction, the insider now directly owns 522,656 shares of the company's stock, valued at $7,003,590.40. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lauren Stclair sold 11,856 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.04, for a total value of $166,458.24. Following the transaction, the chief financial officer now directly owns 313,100 shares of the company's stock, valued at $4,395,924. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 822,353 shares of company stock valued at $11,051,439 in the last three months. Corporate insiders own 45.93% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of NerdWallet by 1.5% during the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after acquiring an additional 769 shares in the last quarter. Los Angeles Capital Management LLC raised its position in NerdWallet by 5.8% in the third quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company's stock valued at $277,000 after purchasing an additional 1,190 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of NerdWallet by 8.0% during the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after purchasing an additional 1,576 shares in the last quarter. Swiss National Bank boosted its stake in shares of NerdWallet by 2.1% during the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock valued at $1,045,000 after purchasing an additional 1,600 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after purchasing an additional 2,364 shares during the last quarter. Institutional investors own 38.81% of the company's stock.
NerdWallet Company Profile
(
Get Free Report)
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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