NerdWallet (NRDS) to Release Quarterly Earnings on Wednesday

NerdWallet (NASDAQ:NRDS) will likely be posting its quarterly earnings results 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

NerdWallet Price Performance

Shares of NRDS stock opened at $13.56 on Wednesday. The stock has a market capitalization of $995.85 million, a price-to-earnings ratio of -96.85 and a beta of 1.33. The company’s fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $13.24. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at NerdWallet

In other news, CFO Lauren Stclair sold 11,856 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 313,100 shares in the company, valued at approximately $4,395,924. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samuel Yount sold 65,167 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total value of $898,652.93. Following the transaction, the insider now directly owns 581,419 shares in the company, valued at approximately $8,017,768.01. This represents a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 822,353 shares of company stock worth $11,051,439 over the last three months. 45.93% of the stock is owned by insiders.

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.