NerdWallet, Inc. (NASDAQ:NRDS) Stock Has Average Price Target of $12.83 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on NerdWallet, with four buys, three holds and one sell among eight covering brokerages. The average 12-month price target is $12.83, above the reported share price of $9.85.
• NerdWallet’s latest quarterly results showed mixed performance: revenue rose 5.6% year over year to $197.3 million, exceeding expectations, while EPS of $0.07 missed the consensus estimate of $0.09.
• Institutional investors own 38.81% of NerdWallet’s shares, with several funds recently initiating or increasing positions.

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have been given an average recommendation of "Hold" by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.83.

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of NerdWallet in a research report on Tuesday, August 18th.

NerdWallet Stock Performance

Shares of NRDS traded up $0.03 during trading hours on Tuesday, hitting $9.85. The stock had a trading volume of 72,831 shares, compared to its average volume of 847,406. The company's fifty day simple moving average is $9.41 and its 200 day simple moving average is $9.37. The firm has a market cap of $629.32 million, a P/E ratio of 11.06 and a beta of 1.25. NerdWallet has a 12-month low of $7.33 and a 12-month high of $16.24.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). NerdWallet had a return on equity of 18.07% and a net margin of 7.56%. The business had revenue of $197.30 million for the quarter, compared to analysts' expectations of $195.30 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. NerdWallet's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that NerdWallet will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NerdWallet

Large investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in NerdWallet during the 1st quarter worth $41,000. Squarepoint Ops LLC acquired a new stake in shares of NerdWallet during the 2nd quarter worth about $508,000. State of Wyoming lifted its position in shares of NerdWallet by 5.8% during the 1st quarter. State of Wyoming now owns 59,142 shares of the company's stock worth $614,000 after buying an additional 3,263 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of NerdWallet by 286.0% during the first quarter. Quantinno Capital Management LP now owns 72,764 shares of the company's stock worth $755,000 after purchasing an additional 53,915 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of NerdWallet in the second quarter valued at about $1,016,000. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Company Profile

NerdWallet, Inc is a personal finance company that helps consumers make informed decisions about financial products and services. Its platform combines financial education, research, comparison tools and a marketplace that connects users with providers.

The company covers a range of personal finance categories, including credit cards, banking, personal and student loans, mortgages, insurance, investing and financial planning. NerdWallet also provides resources for small-business owners and publishes editorial content, reviews and calculators designed to help users evaluate their options.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco, California.

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