NerdWallet (NASDAQ:NRDS) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of NerdWallet (NASDAQ:NRDS) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on NRDS. Morgan Stanley boosted their price target on shares of NerdWallet from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays increased their price target on shares of NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. KeyCorp lifted their price target on shares of NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Truist Financial raised their price objective on NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.40.

NerdWallet Trading Up 1.1%

NerdWallet stock opened at $14.52 on Monday. The stock has a 50 day moving average of $11.26 and a two-hundred day moving average of $10.83. NerdWallet has a twelve month low of $7.55 and a twelve month high of $15.65. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 15.11 and a beta of 1.45.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The business had revenue of $215.10 million during the quarter, compared to analysts’ expectations of $193.31 million. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. Equities analysts predict that NerdWallet will post 0.36 earnings per share for the current year.

Insider Transactions at NerdWallet

In other NerdWallet news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total transaction of $45,966.72. Following the sale, the chief accounting officer owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 45.93% of the company’s stock.

Institutional Trading of NerdWallet

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after purchasing an additional 1,054 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of NerdWallet during the 1st quarter valued at $114,000. Olympiad Research LP purchased a new position in shares of NerdWallet in the 3rd quarter worth $119,000. Lazard Asset Management LLC acquired a new position in NerdWallet in the second quarter valued at $129,000. Finally, Magnetar Financial LLC acquired a new stake in NerdWallet during the first quarter worth about $130,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

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.