NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) saw strong trading volume on Wednesday . 217,804 shares were traded during trading, a decline of 38% from the previous session's volume of 349,536 shares.The stock last traded at $12.99 and had previously closed at $12.57.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Citigroup boosted their target price on NerdWallet from $11.00 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, January 12th. Truist Financial dropped their price target on NerdWallet from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, February 15th. KeyCorp boosted their price target on NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, February 12th. Finally, Barclays boosted their price target on NerdWallet from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.50.
Read Our Latest Stock Analysis on NRDS
NerdWallet Stock Up 4.7 %
The stock has a market cap of $1.01 billion, a PE ratio of -76.64 and a beta of 1.39. The business has a 50 day moving average price of $14.86 and a 200 day moving average price of $13.64.
NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.01 EPS for the quarter. The firm had revenue of $161.90 million for the quarter, compared to the consensus estimate of $156.95 million. NerdWallet had a negative return on equity of 3.36% and a negative net margin of 2.10%. The company's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, research analysts predict that NerdWallet, Inc. will post 0.23 earnings per share for the current fiscal year.
Insider Buying and Selling
In other NerdWallet news, VP Samuel Yount sold 6,309 shares of the 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 transaction, the vice president now owns 2,350,242 shares of the company's stock, valued at $37,979,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 45.93% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in NerdWallet by 5.6% in the third quarter. Vanguard Group Inc. now owns 3,526,688 shares of the company's stock worth $31,352,000 after acquiring an additional 187,422 shares during the period. FMR LLC grew its position in NerdWallet by 88.7% in the third quarter. FMR LLC now owns 3,486,387 shares of the company's stock worth $30,994,000 after acquiring an additional 1,638,515 shares during the period. Brandywine Global Investment Management LLC grew its position in NerdWallet by 23.5% in the third quarter. Brandywine Global Investment Management LLC now owns 1,228,046 shares of the company's stock worth $10,917,000 after acquiring an additional 233,975 shares during the period. Azora Capital LP grew its position in NerdWallet by 23.7% in the fourth quarter. Azora Capital LP now owns 1,054,105 shares of the company's stock worth $15,516,000 after acquiring an additional 202,149 shares during the period. Finally, Steamboat Capital Partners LLC grew its position in NerdWallet by 1.9% in the third quarter. Steamboat Capital Partners LLC now owns 442,761 shares of the company's stock worth $3,936,000 after acquiring an additional 8,215 shares during the period. 38.81% of the stock is currently owned by hedge funds and other institutional investors.
NerdWallet Company Profile
(
Get Free Report)
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.
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