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

NerdWallet (NASDAQ:NRDS) had its target price raised by Barclays from $17.00 to $19.00 in a report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

NRDS has been the topic of several other reports. Morgan Stanley lifted their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. KeyCorp boosted their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

NerdWallet Price Performance

Shares of NASDAQ NRDS opened at $10.33 on Thursday. The company has a market cap of $758.64 million, a P/E ratio of 25.83 and a beta of 1.33. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30. The firm has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $13.23.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The firm had revenue of $183.80 million during the quarter, compared to the consensus estimate of $168.33 million. As a group, equities research analysts expect that NerdWallet will post 0.36 EPS for the current year.

Insider Activity at NerdWallet

In other NerdWallet news, CFO Lauren Stclair sold 11,856 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the transaction, the chief financial officer now owns 313,100 shares in the company, valued at approximately $4,395,924. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares of the company’s stock, 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. Insiders sold 822,353 shares of company stock worth $11,051,439 over the last three months. Company insiders own 45.93% of the company’s stock.

Institutional Trading of NerdWallet

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Topline Capital Management LLC purchased a new stake in shares of NerdWallet during the fourth quarter worth about $69,840,000. Geode Capital Management LLC grew its stake in shares of NerdWallet by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock valued at $11,751,000 after buying an additional 19,330 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NerdWallet by 157.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock worth $12,083,000 after acquiring an additional 555,329 shares during the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company’s stock worth $11,887,000 after acquiring an additional 867,681 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company’s stock worth $11,537,000 after acquiring an additional 64,366 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

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.