Barclays Boosts NerdWallet (NASDAQ:NRDS) Price Target to $19.00

NerdWallet (NASDAQ:NRDS - Get Free Report) had its price target boosted by equities research analysts at Barclays from $17.00 to $19.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 83.93% from the company's previous close.

NRDS has been the topic of a number of other research reports. Morgan Stanley increased their price target on NerdWallet from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. KeyCorp increased their price target on NerdWallet from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.60.

NerdWallet Trading Down 9.2 %

Shares of NRDS stock traded down $1.05 during mid-day trading on Thursday, reaching $10.33. The stock had a trading volume of 3,530,591 shares, compared to its average volume of 579,057. The business's fifty day moving average is $13.74 and its 200-day moving average is $13.21. The firm has a market cap of $758.64 million, a price-to-earnings ratio of 25.83 and a beta of 1.33. NerdWallet has a 1-year low of $10.10 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The firm had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. On average, analysts forecast that NerdWallet will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after purchasing an additional 769 shares during the period. Los Angeles Capital Management LLC lifted its holdings in NerdWallet by 5.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company's stock worth $277,000 after buying an additional 1,190 shares during the last quarter. American Century Companies Inc. lifted its holdings in NerdWallet by 8.0% during the 4th quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock worth $282,000 after buying an additional 1,576 shares during the last quarter. Swiss National Bank lifted its holdings in NerdWallet by 2.1% during the 4th quarter. Swiss National Bank now owns 78,600 shares of the company's stock worth $1,045,000 after buying an additional 1,600 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after buying an additional 2,364 shares during the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

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.