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

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have earned an average rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research 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.

NRDS has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. KeyCorp lowered their price objective on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Citigroup lowered their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of NerdWallet in the fourth quarter valued at approximately $80,000. US Bancorp DE lifted its position in NerdWallet by 41.2% during the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after buying an additional 2,800 shares in the last quarter. AXQ Capital LP bought a new stake in NerdWallet during the 4th quarter worth about $138,000. Point72 Asia Singapore Pte. Ltd. lifted its position 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 worth $140,000 after buying an additional 10,218 shares in the last quarter. Finally, RHS Financial LLC bought a new stake in NerdWallet during the 1st quarter worth about $100,000. Institutional investors own 38.81% of the company's stock.

NerdWallet Price Performance

Shares of NASDAQ NRDS remained flat at $10.70 during midday trading on Wednesday. The stock had a trading volume of 405,371 shares, compared to its average volume of 562,791. NerdWallet has a twelve month low of $7.55 and a twelve month high of $16.45. The company has a market capitalization of $797.26 million, a PE ratio of 27.44 and a beta of 1.46. The stock's 50-day moving average price is $10.19 and its two-hundred day moving average price is $11.32.

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.