FY2024 EPS Estimates for NerdWallet Lowered by William Blair

NerdWallet, Inc. (NASDAQ:NRDS) – Research analysts at William Blair lowered their FY2024 EPS estimates for shares of NerdWallet in a report released on Tuesday, October 29th. William Blair analyst R. Schackart now anticipates that the company will post earnings of ($0.18) per share for the year, down from their previous forecast of ($0.07). The consensus estimate for NerdWallet’s current full-year earnings is ($0.05) 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) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company 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 company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS.

Several other equities research analysts also recently issued reports on the company. KeyCorp increased their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays upped their price objective on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley lifted their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday. Truist Financial decreased their price target on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Oppenheimer lowered their price target on NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and an average price target of $17.00.

NerdWallet Stock Down 1.2 %

NASDAQ:NRDS opened at $14.51 on Friday. The stock has a fifty day simple moving average of $12.51 and a 200 day simple moving average of $13.25. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -103.64 and a beta of 1.38. NerdWallet has a 1-year low of $10.10 and a 1-year high of $17.30.

Institutional Trading of NerdWallet

Large investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in NerdWallet during the second quarter worth about $31,000. nVerses Capital LLC bought a new position in shares of NerdWallet in the third quarter valued at approximately $62,000. US Bancorp DE bought a new stake in shares of NerdWallet during the third quarter worth $86,000. TNF LLC acquired a new stake in NerdWallet in the 3rd quarter valued at about $178,000. Finally, Algert Global LLC acquired a new stake in shares of NerdWallet in the second quarter valued at approximately $196,000. 38.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NerdWallet

In related news, VP Samuel Yount sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $12.01, for a total transaction of $60,050.00. Following the transaction, the vice president now directly owns 2,329,471 shares in the company, valued at $27,976,946.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other NerdWallet news, major shareholder Topline Capital Partners, Lp purchased 412,055 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was purchased 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 directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Samuel Yount sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the sale, the vice president now owns 2,329,471 shares in the company, valued at approximately $27,976,946.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 45.93% 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.