NerdWallet, Inc. (NASDAQ:NRDS - Free Report) - Equities research analysts at William Blair decreased their FY2024 earnings per share estimates for NerdWallet in a note issued to investors on Tuesday, October 29th. William Blair analyst R. Schackart now forecasts that the company will earn ($0.18) per share for the year, down from their previous estimate of ($0.07). The consensus estimate for NerdWallet's current full-year earnings is ($0.01) per share. William Blair also issued estimates for NerdWallet's Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.05 EPS and FY2025 earnings at $0.03 EPS.
NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company had revenue of $150.60 million for the quarter, compared to analyst estimates of $149.93 million. During the same period last year, the company posted ($0.14) earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis.
Other research analysts have also recently issued reports about the company. Barclays increased their price target on NerdWallet from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday. Oppenheimer dropped their price objective on NerdWallet from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday, August 1st. KeyCorp upped their price objective on NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday. Truist Financial dropped their price objective on NerdWallet from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Finally, Morgan Stanley upped 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.
Check Out Our Latest Analysis on NRDS
NerdWallet Stock Performance
NASDAQ NRDS traded down $0.18 during trading hours on Friday, hitting $14.51. 979,074 shares of the company traded hands, compared to its average volume of 442,931. The business's 50-day moving average is $12.46 and its 200-day moving average is $13.24. NerdWallet has a twelve month low of $10.10 and a twelve month high of $17.30. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -103.56 and a beta of 1.42.
Hedge Funds Weigh In On NerdWallet
Several hedge funds and other institutional investors have recently modified their holdings of the business. Olympiad Research LP increased its stake in shares of NerdWallet by 42.3% in the 3rd quarter. Olympiad Research LP now owns 16,711 shares of the company's stock valued at $212,000 after purchasing an additional 4,967 shares during the last quarter. US Bancorp DE bought a new position in shares of NerdWallet in the 3rd quarter valued at $86,000. TNF LLC bought a new position in shares of NerdWallet in the 3rd quarter valued at $178,000. nVerses Capital LLC bought a new position in shares of NerdWallet in the 3rd quarter valued at $62,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company's stock valued at $229,000 after purchasing an additional 1,561 shares during the last quarter. Institutional investors own 38.81% of the company's stock.
Insider Transactions at NerdWallet
In other news, major shareholder Topline Capital Partners, Lp bought 412,055 shares of the stock in a transaction dated 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 in the company, valued at approximately $59,600,495.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Topline Capital Management, Ll purchased 49,722 shares of NerdWallet stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average price of $12.05 per share, with a total value of $599,150.10. Following the completion of the transaction, the insider now directly owns 4,839,090 shares of the company's stock, valued at $58,311,034.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 412,055 shares of NerdWallet stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $11.35 per share, for a total transaction of $4,676,824.25. Following the acquisition, the insider now owns 5,251,145 shares in the company, valued at approximately $59,600,495.75. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 45.93% of the stock is owned by corporate insiders.
NerdWallet Company Profile
(
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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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