$87.75 Million in Sales Expected for Nerdwallet Inc (NASDAQ:NRDS) This Quarter

Wall Street brokerages expect Nerdwallet Inc (NASDAQ:NRDS) to report $87.75 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Nerdwallet’s earnings. The highest sales estimate is $88.20 million and the lowest is $87.60 million. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Nerdwallet will report full-year sales of $367.63 million for the current year, with estimates ranging from $366.76 million to $368.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $472.89 million, with estimates ranging from $470.40 million to $474.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Nerdwallet.

A number of research analysts recently weighed in on NRDS shares. KeyCorp started coverage on Nerdwallet in a research note on Monday, November 29th. They issued an “overweight” rating and a $35.00 price objective on the stock. Morgan Stanley started coverage on Nerdwallet in a research report on Monday, November 29th. They issued an “equal weight” rating and a $24.00 price target on the stock. William Blair began coverage on Nerdwallet in a research report on Monday, November 29th. They issued an “outperform” rating on the stock. Bank of America started coverage on Nerdwallet in a report on Monday, November 29th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Truist Securities began coverage on Nerdwallet in a research note on Monday, November 29th. They issued a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.00.

In other Nerdwallet news, CMO Kelly Gillease sold 2,420 shares of the firm’s stock in a transaction on Thursday, December 2nd. The stock was sold at an average price of $15.99, for a total value of $38,695.80. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 20.70% of the company’s stock.

Shares of NRDS stock traded down $0.41 during trading on Tuesday, reaching $13.34. The company had a trading volume of 345,923 shares, compared to its average volume of 334,321. The stock has a 50 day moving average price of $18.50. Nerdwallet has a one year low of $13.02 and a one year high of $34.44.

Nerdwallet Company Profile

NerdWallet Inc provides consumers with financial information. NerdWallet Inc is based in NEW YORK.

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