NerdWallet, Inc. (NASDAQ:NRDS) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.83.

Separately, Weiss Ratings raised shares of NerdWallet from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday.

Hedge Funds Weigh In On NerdWallet

Several large investors have recently made changes to their positions in NRDS. OP Asset Management Ltd acquired a new position in shares of NerdWallet in the first quarter worth about $6,957,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of NerdWallet by 32.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,808,988 shares of the company’s stock worth $18,777,000 after acquiring an additional 444,038 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of NerdWallet during the 1st quarter worth about $2,903,000. Renaissance Technologies LLC boosted its stake in shares of NerdWallet by 25.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,002,275 shares of the company’s stock worth $10,404,000 after acquiring an additional 202,838 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NerdWallet by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,322,848 shares of the company’s stock valued at $13,730,000 after acquiring an additional 153,790 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Up 0.5%

Shares of NRDS opened at $10.07 on Tuesday. NerdWallet has a 52 week low of $7.33 and a 52 week high of $16.24. The company has a market capitalization of $643.67 million, a price-to-earnings ratio of 11.26 and a beta of 1.25. The stock’s 50-day moving average price is $9.46 and its 200-day moving average price is $9.36.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Thursday, August 6th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $197.30 million for the quarter, compared to analyst estimates of $195.30 million. NerdWallet had a return on equity of 18.07% and a net margin of 7.56%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. As a group, equities analysts anticipate that NerdWallet will post 0.88 EPS for the current fiscal year.

NerdWallet Company Profile

NerdWallet, Inc is a personal finance company that helps consumers make informed decisions about financial products and services. Its platform combines financial education, research, comparison tools and a marketplace that connects users with providers.

The company covers a range of personal finance categories, including credit cards, banking, personal and student loans, mortgages, insurance, investing and financial planning. NerdWallet also provides resources for small-business owners and publishes editorial content, reviews and calculators designed to help users evaluate their options.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco, California.