NerdWallet (NASDAQ:NRDS) Shares Gap Up to $13.52

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $13.52, but opened at $14.41. NerdWallet shares last traded at $13.16, with a volume of 76,130 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NRDS. Citigroup lifted their price target on NerdWallet from $11.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, January 12th. Truist Financial cut their price objective on NerdWallet from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. KeyCorp raised their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, February 12th. Finally, Barclays raised their price objective on NerdWallet from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, NerdWallet presently has a consensus rating of "Moderate Buy" and an average price target of $16.50.

NerdWallet Stock Down 4.7 %

The firm has a market capitalization of $992.66 million, a price-to-earnings ratio of -81.74 and a beta of 1.39. The stock has a 50-day moving average price of $15.09 and a 200 day moving average price of $13.49.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.01 EPS for the quarter. NerdWallet had a negative return on equity of 3.24% and a negative net margin of 1.97%. The business had revenue of $161.90 million during the quarter, compared to the consensus estimate of $156.95 million. During the same period in the previous year, the company posted $0.02 earnings per share. The business's revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts forecast that NerdWallet, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Samuel Yount sold 6,309 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $16.16, for a total transaction of $101,953.44. Following the completion of the sale, the vice president now owns 2,350,242 shares in the company, valued at $37,979,910.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 45.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On NerdWallet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NerdWallet by 112.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company's stock worth $68,000 after purchasing an additional 4,053 shares during the last quarter. Prudent Man Advisors LLC purchased a new stake in shares of NerdWallet during the third quarter worth approximately $111,000. FMR LLC raised its stake in shares of NerdWallet by 88.7% during the third quarter. FMR LLC now owns 3,486,387 shares of the company's stock worth $30,994,000 after purchasing an additional 1,638,515 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of NerdWallet by 23.5% during the third quarter. Brandywine Global Investment Management LLC now owns 1,228,046 shares of the company's stock worth $10,917,000 after purchasing an additional 233,975 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of NerdWallet by 70.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,159 shares of the company's stock worth $1,415,000 after purchasing an additional 65,931 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

About NerdWallet

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.