Brokerages Set NerdWallet, Inc. (NASDAQ:NRDS) Target Price at $17.00

NerdWallet, Inc. (NASDAQ:NRDS) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.00.

NRDS has been the subject of several research analyst reports. Barclays boosted their price objective on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a 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, Morgan Stanley raised their price objective on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th.

NerdWallet Trading Up 0.1 %

NerdWallet stock opened at $13.53 on Wednesday. NerdWallet has a 52 week low of $10.10 and a 52 week high of $17.30. The stock has a market cap of $993.63 million, a P/E ratio of -96.64 and a beta of 1.31. The stock has a 50 day moving average of $13.35 and a 200-day moving average of $13.38.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities analysts predict that NerdWallet will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Topline Capital Management, Ll bought 49,722 shares of NerdWallet stock in a transaction on Monday, October 21st. The stock was purchased at an average cost of $12.05 per share, with a total value of $599,150.10. Following the purchase, the insider now directly owns 4,839,090 shares of the company’s stock, valued at approximately $58,311,034.50. This trade represents a 1.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Lauren Stclair sold 11,856 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total transaction of $166,458.24. Following the completion of the sale, the chief financial officer now owns 313,100 shares in the company, valued at $4,395,924. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 45.93% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRDS. Vanguard Group Inc. boosted its position in NerdWallet by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock worth $58,880,000 after acquiring an additional 432,262 shares during the period. SG Americas Securities LLC acquired a new stake in NerdWallet in the second quarter worth about $445,000. Bank of New York Mellon Corp grew its position in NerdWallet by 27.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 122,873 shares of the company’s stock valued at $1,794,000 after buying an additional 26,572 shares in the last quarter. Legato Capital Management LLC acquired a new position in NerdWallet during the 2nd quarter valued at about $555,000. Finally, Natixis Advisors LLC bought a new stake in shares of NerdWallet during the 2nd quarter worth about $250,000. 38.81% of the stock is owned by institutional investors.

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.