NerdWallet (NASDAQ:NRDS) Shares Up 4.1%

NerdWallet, Inc. (NASDAQ:NRDS)’s share price traded up 4.1% during mid-day trading on Friday . The company traded as high as $13.81 and last traded at $13.80. Approximately 167,809 shares were traded during trading, a decline of 50% from the average session volume of 332,430 shares. The stock had previously closed at $13.26.

Analyst Upgrades and Downgrades

NRDS has been the subject of several analyst reports. Truist Financial lowered their price target on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Barclays lifted their target price on shares of NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. KeyCorp increased their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. TheStreet raised NerdWallet from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Finally, Citigroup increased their target price on NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

NerdWallet Stock Performance

The firm has a market cap of $1.04 billion, a P/E ratio of -82.87 and a beta of 1.39. The stock’s 50-day moving average is $15.34 and its 200 day moving average is $13.32.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Wednesday, February 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The business had revenue of $133.70 million during the quarter, compared to analyst estimates of $138.43 million. NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, research analysts anticipate that NerdWallet, Inc. will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other news, VP Samuel Yount sold 6,309 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $16.16, for a total value of $101,953.44. Following the completion of the transaction, the vice president now owns 2,350,242 shares in the company, valued at approximately $37,979,910.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.93% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

Several large investors have recently made changes to their positions in NRDS. FMR LLC lifted its stake in NerdWallet by 88.7% in the third quarter. FMR LLC now owns 3,486,387 shares of the company’s stock valued at $30,994,000 after acquiring an additional 1,638,515 shares during the last quarter. Samlyn Capital LLC bought a new position in NerdWallet during the first quarter worth about $18,974,000. Vanguard Group Inc. increased its position in NerdWallet by 43.2% during the third quarter. Vanguard Group Inc. now owns 3,064,047 shares of the company’s stock worth $27,178,000 after buying an additional 924,147 shares during the last quarter. BlackRock Inc. raised its stake in NerdWallet by 32.8% in the second quarter. BlackRock Inc. now owns 2,310,991 shares of the company’s stock valued at $21,746,000 after buying an additional 570,203 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of NerdWallet by 334.5% in the second quarter. Dimensional Fund Advisors LP now owns 334,495 shares of the company’s stock valued at $3,148,000 after buying an additional 257,514 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

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.