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

NerdWallet (NASDAQ:NRDS) had its price objective raised by Barclays from $17.00 to $19.00 in a report released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. KeyCorp boosted their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and an average target price of $17.60.

NerdWallet Trading Down 9.2 %

Shares of NRDS opened at $10.33 on Thursday. The firm’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $13.23. The firm has a market capitalization of $758.64 million, a price-to-earnings ratio of 25.83 and a beta of 1.33. NerdWallet has a twelve month low of $10.10 and a twelve month high of $17.30.

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

Insider Buying and Selling at NerdWallet

In other news, CFO Lauren Stclair sold 11,856 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the transaction, the chief financial officer now owns 313,100 shares of the company’s stock, valued at $4,395,924. The trade was 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 76,185 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $13.40, for a total transaction of $1,020,879.00. Following the completion of the transaction, the insider now directly owns 522,656 shares of the company’s stock, valued at approximately $7,003,590.40. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 822,353 shares of company stock valued at $11,051,439 over the last quarter. Corporate insiders own 45.93% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NerdWallet by 69.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,102 shares of the company’s stock worth $1,238,000 after acquiring an additional 38,070 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in NerdWallet by 3,417.4% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock valued at $140,000 after acquiring an additional 10,218 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in NerdWallet by 52.8% during the 4th quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company’s stock valued at $9,091,000 after acquiring an additional 236,320 shares during the last quarter. Millennium Management LLC lifted its position in shares of NerdWallet by 325.8% in the 4th quarter. Millennium Management LLC now owns 700,129 shares of the company’s stock worth $9,312,000 after buying an additional 535,701 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of NerdWallet by 14.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 569,106 shares of the company’s stock worth $7,569,000 after buying an additional 70,862 shares during the last quarter. Institutional investors and hedge funds 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.