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

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat 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 twelve-month target price among analysts that have covered the stock in the last year is $15.00.

Several analysts recently weighed in on NRDS shares. 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. 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, Barclays boosted their price objective on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Thursday, February 20th.

Hedge Funds Weigh In On NerdWallet

A number of hedge funds and other institutional investors have recently bought and sold shares of NRDS. Rhumbline Advisers boosted its stake in NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after acquiring an additional 769 shares during the period. Los Angeles Capital Management LLC boosted its stake in NerdWallet by 892.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company's stock valued at $2,875,000 after acquiring an additional 194,387 shares during the period. Versor Investments LP acquired a new position in NerdWallet in the fourth quarter valued at approximately $669,000. US Bancorp DE boosted its stake in NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after acquiring an additional 2,800 shares during the period. Finally, Bailard Inc. acquired a new position in NerdWallet in the fourth quarter valued at approximately $160,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Performance

Shares of NASDAQ NRDS opened at $10.81 on Wednesday. NerdWallet has a 1 year low of $7.55 and a 1 year high of $16.45. The firm has a market cap of $805.45 million, a price-to-earnings ratio of 27.72 and a beta of 1.46. The stock's 50-day simple moving average is $10.05 and its 200-day simple moving average is $11.39.

About NerdWallet

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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