NerdWallet (NASDAQ:NRDS) Price Target Raised to $19.00

NerdWallet (NASDAQ:NRDS) had its price objective hoisted by Truist Financial from $17.00 to $19.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on NRDS. Barclays increased their price objective on shares of NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a research note on Wednesday, October 8th. Finally, KeyCorp lifted their price objective on NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.40.

NerdWallet Trading Up 0.6%

Shares of NRDS opened at $14.58 on Monday. The company’s 50-day moving average price is $11.35 and its 200 day moving average price is $10.86. NerdWallet has a 12-month low of $7.55 and a 12-month high of $15.65. The firm has a market cap of $1.11 billion, a P/E ratio of 15.19 and a beta of 1.45.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. NerdWallet had a net margin of 9.22% and a return on equity of 9.27%. The company had revenue of $215.10 million during the quarter, compared to analyst estimates of $193.31 million. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. NerdWallet has set its Q4 2025 guidance at EPS. Equities research analysts forecast that NerdWallet will post 0.36 earnings per share for the current year.

Insider Transactions at NerdWallet

In other NerdWallet news, CAO Nicholas Tatum sold 4,272 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total value of $45,966.72. Following the completion of the transaction, the chief accounting officer owned 68,020 shares of the company’s stock, valued at $731,895.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 46.54% of the stock is currently owned by company insiders.

Institutional Trading of NerdWallet

Several hedge funds have recently modified their holdings of NRDS. Tower Research Capital LLC TRC grew its stake in NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after purchasing an additional 1,054 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of NerdWallet in the 1st quarter valued at about $114,000. Olympiad Research LP acquired a new position in shares of NerdWallet during the third quarter worth about $119,000. Lazard Asset Management LLC purchased a new stake in shares of NerdWallet during the second quarter worth approximately $129,000. Finally, Magnetar Financial LLC acquired a new stake in NerdWallet in the first quarter valued at approximately $130,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

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.