NerdWallet, Inc. (NASDAQ:NRDS) Receives $15.00 Average Target Price from Analysts

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.00.

Several research firms recently commented on NRDS. Barclays raised their target price on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley cut their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Citigroup cut their target price on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, KeyCorp cut their target price on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, May 5th.

NerdWallet Trading Up 2.2%

NRDS traded up $0.23 during midday trading on Friday, reaching $10.75. The company's stock had a trading volume of 358,383 shares, compared to its average volume of 551,263. The company has a fifty day simple moving average of $9.41 and a 200 day simple moving average of $11.74. NerdWallet has a twelve month low of $7.55 and a twelve month high of $16.45. The stock has a market cap of $801.01 million, a P/E ratio of 26.88 and a beta of 1.41.

Institutional Investors Weigh In On NerdWallet

Hedge funds and other institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in NerdWallet during the 4th quarter valued at $80,000. US Bancorp DE increased its holdings in NerdWallet by 41.2% during the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after purchasing an additional 2,800 shares in the last quarter. AXQ Capital LP acquired a new stake in NerdWallet during the 4th quarter valued at $138,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in NerdWallet by 3,417.4% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company's stock valued at $140,000 after purchasing an additional 10,218 shares in the last quarter. Finally, RHS Financial LLC acquired a new stake in shares of NerdWallet in the 1st quarter valued at $100,000. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Company Profile

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.