NerdWallet, Inc. (NASDAQ:NRDS) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a “Hold” consensus on NerdWallet, with one sell, three hold, and four buy ratings among eight firms. The average 12-month price target is $12.83, above the recent share price of $9.10.
• NerdWallet shares fell 1.1% to $9.10, near their 50-day and 200-day moving averages. The stock has traded between $7.33 and $16.24 over the past year.
• The company’s latest quarterly revenue rose 5.6% year over year to $197.3 million, beating estimates, but earnings per share of $0.07 fell short of the $0.09 consensus. Insiders have sold nearly 2 million shares over the past 90 days.

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have been given an average recommendation of "Hold" by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.8333.

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of NerdWallet in a report on Tuesday, August 18th. Zacks Research raised shares of NerdWallet from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd.

NerdWallet Trading Down 1.1%

Shares of NASDAQ:NRDS traded down $0.10 during mid-day trading on Friday, reaching $9.10. The stock had a trading volume of 86,910 shares, compared to its average volume of 847,612. The firm has a market cap of $581.64 million, a PE ratio of 10.23 and a beta of 1.24. The firm has a 50 day simple moving average of $9.54 and a two-hundred day simple moving average of $9.58. NerdWallet has a twelve month low of $7.33 and a twelve month high of $16.24.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $197.30 million during the quarter, compared to analyst estimates of $195.30 million. NerdWallet had a return on equity of 18.07% and a net margin of 7.56%.NerdWallet's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, equities analysts anticipate that NerdWallet will post 0.88 EPS for the current fiscal year.

Insider Transactions at NerdWallet

In other NerdWallet news, major shareholder Topline Capital Partners, Lp sold 454,872 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $9.27, for a total transaction of $4,216,663.44. Following the transaction, the insider owned 3,289,285 shares in the company, valued at $30,491,671.95. This represents a 12.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 1,961,860 shares of company stock valued at $17,862,921. Insiders own 52.75% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NRDS. Squarepoint Ops LLC acquired a new position in NerdWallet in the 2nd quarter valued at approximately $508,000. Bank of New York Mellon Corp bought a new position in NerdWallet during the 2nd quarter worth $1,016,000. Quantinno Capital Management LP lifted its holdings in NerdWallet by 286.0% during the 1st quarter. Quantinno Capital Management LP now owns 72,764 shares of the company's stock worth $755,000 after buying an additional 53,915 shares during the period. Renaissance Technologies LLC grew its position in shares of NerdWallet by 25.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,002,275 shares of the company's stock valued at $10,404,000 after buying an additional 202,838 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of NerdWallet by 32.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,808,988 shares of the company's stock valued at $18,777,000 after buying an additional 444,038 shares during the period. 38.81% of the stock is owned by institutional investors.

NerdWallet Company Profile

NerdWallet, Inc is a personal finance company that operates a digital platform designed to help consumers make informed financial decisions. Its website and mobile products provide educational content, comparison tools and personalized recommendations across areas such as credit cards, banking, personal loans, mortgages, insurance, investing and everyday money management.

The company's platform connects consumers with financial products from banks, lenders, insurers and other providers.

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