NerdWallet, Inc. (NASDAQ:NRDS) Given Consensus Rating of “Moderate Buy” by Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.00.

Several research analysts have recently commented on NRDS shares. Morgan Stanley lifted 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. KeyCorp boosted their price objective on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Barclays raised their target price on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Insider Transactions at NerdWallet

In related news, major shareholder Topline Capital Partners, Lp acquired 412,055 shares of the stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $11.35 per share, for a total transaction of $4,676,824.25. Following the completion of the acquisition, the insider now directly owns 5,251,145 shares of the company’s stock, valued at approximately $59,600,495.75. This represents a 8.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lauren Stclair sold 11,856 shares of the company’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 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. In the last three months, insiders have sold 379,014 shares of company stock worth $5,070,916. 45.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

NerdWallet Price Performance

NASDAQ:NRDS opened at $13.17 on Friday. The company has a market capitalization of $967.19 million, a price-to-earnings ratio of -94.06 and a beta of 1.31. The business has a 50 day moving average of $13.65 and a 200 day moving average of $13.35. NerdWallet has a 1-year low of $10.10 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (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 analysts’ expectations of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The firm’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, sell-side analysts anticipate that NerdWallet will post -0.11 EPS 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.