NerdWallet (NRDS) Expected to Announce Earnings on Wednesday

NerdWallet (NASDAQ:NRDS) is expected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect NerdWallet to post earnings of $0.01 per share and revenue of $168.33 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

NerdWallet Price Performance

Shares of NRDS opened at $13.92 on Tuesday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -99.42 and a beta of 1.33. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30. The business’s 50 day simple moving average is $13.85 and its 200-day simple moving average is $13.20.

Insiders Place Their Bets

In related news, CFO Lauren Stclair sold 11,856 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.04, for a total value of $166,458.24. Following the transaction, the chief financial officer now owns 313,100 shares in the company, valued at approximately $4,395,924. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samuel Yount sold 440,336 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares in the company, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 822,353 shares of company stock valued at $11,051,439. 45.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NRDS has been the topic of several research analyst reports. Morgan Stanley upped their price objective on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. KeyCorp boosted their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Barclays boosted their price objective on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, NerdWallet has an average rating of “Moderate Buy” and an average price target of $17.20.

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.