NerdWallet (NASDAQ:NRDS) Releases Quarterly Earnings Results, Hits Estimates

NerdWallet (NASDAQ:NRDS - Get Free Report) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Zacks reports. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The company had revenue of $183.80 million during the quarter, compared to analysts' expectations of $168.33 million. NerdWallet updated its Q1 2025 guidance to EPS.

NerdWallet Stock Down 9.2 %

NerdWallet stock traded down $1.05 during midday trading on Friday, hitting $10.33. 3,530,591 shares of the stock were exchanged, compared to its average volume of 484,216. NerdWallet has a 52 week low of $10.10 and a 52 week high of $17.30. The stock has a market capitalization of $758.64 million, a PE ratio of 25.83 and a beta of 1.33. The company has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $13.21.

Insiders Place Their Bets

In other NerdWallet news, insider Samuel Yount sold 440,336 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the sale, the insider now directly owns 254,237 shares in the company, valued at $3,429,657.13. This represents a 63.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lauren Stclair sold 11,856 shares of NerdWallet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the transaction, the chief financial officer now owns 313,100 shares in the company, valued at $4,395,924. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 822,353 shares of company stock worth $11,051,439. Company insiders own 45.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of NerdWallet from $14.00 to $15.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. KeyCorp boosted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.60.

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.