NerdWallet, Inc. (NASDAQ:NRDS) Given Consensus Rating of “Hold” by Brokerages

NerdWallet, Inc. (NASDAQ:NRDS) has received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.8333.

A number of research analysts have commented on the stock. KeyCorp cut their price target on shares of NerdWallet from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a report on Monday, May 4th. Wall Street Zen downgraded NerdWallet from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer decreased their price target on NerdWallet from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Morgan Stanley cut NerdWallet from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $14.00 to $9.00 in a research report on Friday, March 13th.

NerdWallet Price Performance

Shares of NerdWallet stock opened at $7.77 on Friday. NerdWallet has a 52-week low of $7.33 and a 52-week high of $16.24. The firm has a market capitalization of $511.26 million, a PE ratio of 8.35 and a beta of 1.34. The company’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $11.95.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $222.20 million during the quarter, compared to the consensus estimate of $227.63 million. NerdWallet had a net margin of 8.11% and a return on equity of 18.33%. NerdWallet’s revenue was up 6.2% compared to the same quarter last year. Analysts predict that NerdWallet will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at NerdWallet

In other news, insider Samuel Yount sold 71,988 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $10.32, for a total value of $742,916.16. Following the sale, the insider owned 173,973 shares in the company, valued at approximately $1,795,401.36. The trade was a 29.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicholas Tatum sold 10,151 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $11.45, for a total transaction of $116,228.95. Following the sale, the chief accounting officer owned 47,202 shares of the company’s stock, valued at $540,462.90. This trade represents a 17.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,043 shares of company stock worth $901,317 in the last 90 days. 52.75% of the stock is owned by corporate insiders.

Institutional Trading of NerdWallet

Several large investors have recently added to or reduced their stakes in the company. Covestor Ltd bought a new position in shares of NerdWallet in the fourth quarter valued at approximately $34,000. New York State Teachers Retirement System acquired a new stake in NerdWallet during the 1st quarter valued at $41,000. Tower Research Capital LLC TRC raised its position in NerdWallet by 37.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock valued at $43,000 after purchasing an additional 1,054 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in NerdWallet in the third quarter worth $111,000. Finally, Olympiad Research LP acquired a new position in NerdWallet in the third quarter worth $119,000. 38.81% of the stock is owned by institutional investors.

NerdWallet Company Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.