Barclays Issues Positive Forecast for NerdWallet (NASDAQ:NRDS) Stock Price

NerdWallet (NASDAQ:NRDS) had its target price raised by Barclays from $14.00 to $17.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

NRDS has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. KeyCorp upped their target price on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Truist Financial decreased their price target on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

NerdWallet Stock Up 13.9%

NRDS stock traded up $1.66 during midday trading on Friday, hitting $13.64. The company’s stock had a trading volume of 1,794,492 shares, compared to its average volume of 535,872. The firm has a 50-day simple moving average of $11.10 and a 200-day simple moving average of $10.73. The firm has a market capitalization of $1.04 billion, a P/E ratio of 14.21 and a beta of 1.45. NerdWallet has a 52-week low of $7.55 and a 52-week high of $16.07.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $215.10 million for the quarter, compared to analyst estimates of $193.31 million. NerdWallet had a return on equity of 9.43% and a net margin of 9.22%.The business’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that NerdWallet will post 0.36 earnings per share for the current fiscal year.

Insider Activity at NerdWallet

In related news, CAO Nicholas Tatum sold 4,272 shares of NerdWallet stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total transaction of $45,966.72. Following the sale, the chief accounting officer directly owned 68,020 shares in the company, valued at $731,895.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 46.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On NerdWallet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRDS. Tower Research Capital LLC TRC boosted its holdings in shares of NerdWallet by 37.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock valued at $43,000 after acquiring an additional 1,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NerdWallet by 9.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock worth $249,000 after buying an additional 1,934 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NerdWallet by 12.4% during the second quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company’s stock worth $215,000 after buying an additional 2,161 shares during the last quarter. State of Wyoming increased its position in NerdWallet by 4.2% in the 3rd quarter. State of Wyoming now owns 68,537 shares of the company’s stock valued at $737,000 after acquiring an additional 2,753 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in NerdWallet by 22.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company’s stock valued at $170,000 after acquiring an additional 2,877 shares during the period. Hedge funds and other institutional investors 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.