NerdWallet, Inc. (NASDAQ:NRDS) Given Average Rating of “Hold” by Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One equities 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 objective among analysts that have covered the stock in the last year is $12.8333.

NRDS has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of NerdWallet in a report on Tuesday, August 18th. Zacks Research upgraded NerdWallet from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd.

NerdWallet Trading Down 1.1%

NRDS stock traded down $0.10 during midday trading on Friday, hitting $9.10. The stock had a trading volume of 86,910 shares, compared to its average volume of 847,612. The business has a fifty day moving average price of $9.54 and a two-hundred day moving average price of $9.58. NerdWallet has a 1-year low of $7.33 and a 1-year high of $16.24. The firm has a market cap of $581.64 million, a P/E ratio of 10.23 and a beta of 1.24.

NerdWallet (NASDAQ:NRDS) last released 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 business 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 company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. On average, equities analysts anticipate that NerdWallet will post 0.88 EPS for the current year.

Insider Activity at NerdWallet

In other NerdWallet news, major shareholder Topline Capital Partners, Lp sold 454,872 shares of NerdWallet stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $9.27, for a total transaction of $4,216,663.44. Following the completion of the transaction, the insider owned 3,289,285 shares in the company, valued at approximately $30,491,671.95. The trade was a 12.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,961,860 shares of company stock worth $17,862,921 over the last ninety days. Insiders own 52.75% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

A number of institutional investors have recently added to or reduced their stakes in NRDS. Covestor Ltd purchased a new position in NerdWallet during the 4th quarter valued at about $34,000. First Trust Advisors LP lifted its position in NerdWallet by 2.5% in the 1st quarter. First Trust Advisors LP now owns 112,917 shares of the company’s stock valued at $1,172,000 after acquiring an additional 2,801 shares in the last quarter. State of Wyoming boosted its position in shares of NerdWallet by 5.8% during the first quarter. State of Wyoming now owns 59,142 shares of the company’s stock valued at $614,000 after buying an additional 3,263 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of NerdWallet during the 1st quarter valued at about $41,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in NerdWallet in the fourth quarter worth approximately $150,000. 38.81% of the stock is owned by institutional investors.

NerdWallet Company Profile

NerdWallet, Inc is a personal finance company that operates a digital platform designed to help consumers make informed financial decisions. Its website and mobile products provide educational content, comparison tools and personalized recommendations across areas such as credit cards, banking, personal loans, mortgages, insurance, investing and everyday money management.

The company’s platform connects consumers with financial products from banks, lenders, insurers and other providers.