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

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Citigroup lowered their target price on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Barclays lifted their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley lowered their target price 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.

NerdWallet Stock Up 0.4%

Shares of NASDAQ NRDS traded up $0.05 during midday trading on Friday, reaching $10.80. 186,059 shares of the stock were exchanged, compared to its average volume of 549,836. The firm has a market cap of $804.37 million, a price-to-earnings ratio of 27.00 and a beta of 1.41. NerdWallet has a twelve month low of $7.55 and a twelve month high of $16.45. The firm has a 50-day simple moving average of $9.44 and a two-hundred day simple moving average of $11.73.

Institutional Trading of NerdWallet

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

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.