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Analysts Set NerdWallet, Inc. (NASDAQ:NRDS) Target Price at $16.00

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NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $16.00.

A number of research firms recently issued reports on NRDS. Citigroup dropped their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley dropped their price target on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Finally, Barclays upped their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th.

Read Our Latest Report on NRDS

Institutional Investors Weigh In On NerdWallet

A number of institutional investors have recently bought and sold shares of NRDS. Rhumbline Advisers grew its position in shares of NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock worth $685,000 after purchasing an additional 769 shares in the last quarter. American Century Companies Inc. grew its holdings in NerdWallet by 8.0% during the 4th quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after buying an additional 1,576 shares in the last quarter. Swiss National Bank grew its holdings in NerdWallet by 2.1% during the 4th quarter. Swiss National Bank now owns 78,600 shares of the company's stock valued at $1,045,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC raised its position in shares of NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after buying an additional 2,364 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of NerdWallet by 12.4% in the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock worth $326,000 after buying an additional 2,705 shares in the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Trading Up 0.6 %

NASDAQ:NRDS traded up $0.05 during trading hours on Tuesday, reaching $9.08. The company had a trading volume of 317,800 shares, compared to its average volume of 530,996. The firm has a market cap of $672.90 million, a price-to-earnings ratio of 22.70 and a beta of 1.41. The firm's 50 day moving average price is $8.98 and its 200-day moving average price is $12.03. NerdWallet has a 52 week low of $7.55 and a 52 week high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. On average, analysts forecast that NerdWallet will post 0.36 earnings per share for the current fiscal year.

About NerdWallet

(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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