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

NerdWallet, Inc. (NASDAQ:NRDS) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.8333.

NRDS has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of NerdWallet from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c-)” rating on shares of NerdWallet in a report on Tuesday, August 18th. Zacks Research raised NerdWallet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen lowered NerdWallet from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, KeyCorp dropped their price target on NerdWallet from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th.

NerdWallet Price Performance

Shares of NRDS traded up $0.28 during trading hours on Monday, hitting $10.15. 88,984 shares of the company were exchanged, compared to its average volume of 875,130. The company has a market capitalization of $649.11 million, a PE ratio of 11.40 and a beta of 1.23. The firm has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $9.64. NerdWallet has a one year low of $7.33 and a one year high of $16.24.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $197.30 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts expect that NerdWallet will post 0.88 EPS for the current year.

Insider Buying and Selling at NerdWallet

In other news, major shareholder Topline Capital Partners, Lp sold 919,153 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $8.95, for a total value of $8,226,419.35. Following the transaction, the insider owned 4,331,992 shares in the company, valued at $38,771,328.40. This represents a 17.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 1,961,860 shares of company stock valued at $17,862,921. 52.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NRDS. Covestor Ltd purchased a new position in shares of NerdWallet during the 4th quarter valued at $34,000. Tower Research Capital LLC TRC boosted its position in NerdWallet by 37.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock valued at $43,000 after purchasing an additional 1,054 shares during the last quarter. New York State Teachers Retirement System purchased a new position in NerdWallet in the first quarter valued at about $41,000. Polymer Capital Management US LLC purchased a new position in NerdWallet in the third quarter valued at about $111,000. Finally, Swiss Life Asset Management Ltd acquired a new position in NerdWallet in the 4th quarter worth about $150,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Company Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.