NerdWallet, Inc. (NASDAQ:NRDS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.00.

NRDS has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on NerdWallet from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, KeyCorp raised their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In other news, insider Samuel Yount sold 154,465 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $13.14, for a total transaction of $2,029,670.10. Following the transaction, the insider now directly owns 409,147 shares of the company's stock, valued at approximately $5,376,191.58. This trade represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll acquired 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, for a total transaction of $599,150.10. Following the acquisition, the insider now owns 4,839,090 shares of the company's stock, valued at approximately $58,311,034.50. This trade represents a 1.04 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 379,014 shares of company stock valued at $5,070,916. 45.93% of the stock is currently owned by corporate insiders.

Institutional Trading of NerdWallet

Institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of NerdWallet during the second quarter worth about $31,000. nVerses Capital LLC bought a new position in NerdWallet during the 3rd quarter valued at approximately $62,000. US Bancorp DE bought a new position in NerdWallet during the 3rd quarter valued at approximately $86,000. Intech Investment Management LLC purchased a new stake in NerdWallet in the 3rd quarter worth approximately $135,000. Finally, TNF LLC bought a new stake in shares of NerdWallet in the 3rd quarter worth approximately $178,000. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Price Performance

NASDAQ:NRDS traded down $0.18 during trading hours on Friday, hitting $13.17. The stock had a trading volume of 370,142 shares, compared to its average volume of 461,639. The company has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $13.35. The firm has a market capitalization of $967.19 million, a price-to-earnings ratio of -94.06 and a beta of 1.31. NerdWallet has a one year low of $10.10 and a one year high of $17.30.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $191.30 million during the quarter, compared to analyst estimates of $168.25 million. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The firm's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that NerdWallet will post -0.11 earnings per share for the current year.

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.