NerdWallet (NASDAQ:NRDS) Trading Up 5.9% - Still a Buy?

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report)'s share price traded up 5.9% during mid-day trading on Monday . The company traded as high as $14.41 and last traded at $14.56. 33,246 shares changed hands during trading, a decline of 92% from the average session volume of 416,314 shares. The stock had previously closed at $13.75.

Analysts Set New Price Targets

Several research firms recently weighed in on NRDS. Barclays raised their target price on shares of NerdWallet from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. KeyCorp lifted their price target on NerdWallet from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. 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, October 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.

NerdWallet Stock Performance

The firm has a market cap of $1.07 billion, a P/E ratio of -104.35 and a beta of 1.32. The firm's fifty day moving average is $13.75 and its 200 day moving average is $13.31.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $191.30 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted ($0.01) EPS. As a group, equities research analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current year.

Insider Activity

In related news, CFO Lauren Stclair sold 11,856 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 313,100 shares in the company, valued at approximately $4,395,924. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Samuel Yount sold 76,185 shares of the company's stock in a transaction 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 sale, the insider now owns 522,656 shares of the company's stock, valued at approximately $7,003,590.40. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 822,353 shares of company stock valued at $11,051,439. 45.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On NerdWallet

Several institutional investors and hedge funds have recently bought and sold shares of NRDS. Basswood Capital Management L.L.C. bought a new stake in shares of NerdWallet during the 3rd quarter worth $6,446,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company's stock worth $6,333,000 after acquiring an additional 386,646 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company's stock worth $11,239,000 after acquiring an additional 86,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NerdWallet by 32.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company's stock worth $4,488,000 after acquiring an additional 86,029 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of NerdWallet in the third quarter worth about $890,000. Institutional investors own 38.81% of the company's stock.

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.