NerdWallet, Inc. (NASDAQ:NRDS) Given Consensus Recommendation of “Moderate Buy” by Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.83.

Separately, Oppenheimer lowered their target price on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday.

NerdWallet Stock Down 19.3 %

Shares of NRDS traded down $2.82 during mid-day trading on Thursday, hitting $11.81. 676,904 shares of the company’s stock were exchanged, compared to its average volume of 326,983. NerdWallet has a 52 week low of $6.38 and a 52 week high of $17.30. The stock’s 50-day simple moving average is $14.38 and its 200-day simple moving average is $14.71. The firm has a market cap of $918.11 million, a price-to-earnings ratio of -70.17 and a beta of 1.46.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 3.36% and a negative net margin of 2.10%. The business had revenue of $150.60 million for the quarter, compared to the consensus estimate of $149.93 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that NerdWallet will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $14.66, for a total value of $73,300.00. Following the sale, the vice president now owns 2,341,971 shares in the company, valued at $34,333,294.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $14.66, for a total value of $73,300.00. Following the sale, the vice president now owns 2,341,971 shares in the company, valued at $34,333,294.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer Ceran sold 5,897 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $13.70, for a total transaction of $80,788.90. Following the completion of the sale, the director now owns 36,099 shares in the company, valued at approximately $494,556.30. The disclosure for this sale can be found here. 45.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NerdWallet

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of NerdWallet during the fourth quarter worth $110,000. SG Americas Securities LLC acquired a new position in shares of NerdWallet during the fourth quarter worth $133,000. Arizona State Retirement System acquired a new position in shares of NerdWallet during the fourth quarter worth $151,000. Olympiad Research LP acquired a new position in shares of NerdWallet during the fourth quarter worth $173,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of NerdWallet during the fourth quarter worth $205,000. 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.