NerdWallet (NASDAQ:NRDS) Price Target Raised to $16.00 at KeyCorp

NerdWallet (NASDAQ:NRDS) had its price target raised by KeyCorp from $15.00 to $16.00 in a report published on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Truist Financial reduced their price objective on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a research note on Wednesday, October 8th. Finally, Barclays decreased their price target on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.60.

NerdWallet Stock Up 13.9%

Shares of NASDAQ NRDS traded up $1.66 during trading on Friday, hitting $13.64. 1,794,492 shares of the company traded hands, compared to its average volume of 535,872. The firm has a market capitalization of $1.04 billion, a P/E ratio of 14.21 and a beta of 1.45. The company has a 50-day moving average price of $11.10 and a 200-day moving average price of $10.73. NerdWallet has a 1 year low of $7.55 and a 1 year high of $16.07.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. NerdWallet had a return on equity of 9.43% and a net margin of 9.22%.The firm had revenue of $215.10 million for the quarter, compared to analysts’ expectations of $193.31 million. The business’s revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. Research analysts predict that NerdWallet will post 0.36 EPS for the current fiscal year.

Insider Activity at NerdWallet

In other news, CAO Nicholas Tatum sold 4,272 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total value of $45,966.72. Following the completion of the transaction, the chief accounting officer directly owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 46.54% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in NerdWallet by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,994,180 shares of the company’s stock valued at $42,977,000 after buying an additional 48,205 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NerdWallet by 400.7% in the third quarter. JPMorgan Chase & Co. now owns 98,023 shares of the company’s stock worth $1,055,000 after acquiring an additional 78,447 shares in the last quarter. State of Wyoming boosted its holdings in NerdWallet by 4.2% in the third quarter. State of Wyoming now owns 68,537 shares of the company’s stock valued at $737,000 after purchasing an additional 2,753 shares during the last quarter. AlphaQuest LLC boosted its holdings in NerdWallet by 82.8% in the third quarter. AlphaQuest LLC now owns 26,204 shares of the company’s stock valued at $282,000 after purchasing an additional 11,866 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in NerdWallet by 44.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,894 shares of the company’s stock valued at $1,925,000 after purchasing an additional 54,626 shares in 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.