NerdWallet, Inc. (NASDAQ:NRDS) Receives Average Recommendation of "Moderate Buy" from Analysts

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

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

NerdWallet Stock Performance

NRDS stock remained flat at $10.73 during midday trading on Friday. The company's stock had a trading volume of 27,658 shares, compared to its average volume of 551,553. The stock's 50 day moving average is $9.47 and its two-hundred day moving average is $11.73. The company has a market cap of $799.52 million, a P/E ratio of 26.83 and a beta of 1.41. NerdWallet has a 52-week low of $7.55 and a 52-week high of $16.45.

Institutional Trading of NerdWallet

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of NerdWallet by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock valued at $11,537,000 after acquiring an additional 64,366 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of NerdWallet by 556.8% in the fourth quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company's stock valued at $3,206,000 after acquiring an additional 204,326 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of NerdWallet in the fourth quarter valued at about $799,000. Versor Investments LP acquired a new stake in shares of NerdWallet in the fourth quarter valued at about $669,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of NerdWallet by 3,324.4% in the fourth quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock valued at $11,887,000 after acquiring an additional 867,681 shares during the last quarter. 38.81% of the stock is currently owned by 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.