NerdWallet, Inc. (NASDAQ:NRDS) Given Average Rating of "Moderate Buy" by Brokerages

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

A number of equities analysts have recently commented on the stock. Citigroup reduced their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. KeyCorp reduced their price objective on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, May 5th.

NerdWallet Stock Up 0.3%

NerdWallet stock traded up $0.03 during mid-day trading on Friday, reaching $10.41. The company had a trading volume of 606,864 shares, compared to its average volume of 568,892. NerdWallet has a 52 week low of $7.55 and a 52 week high of $16.45. The company has a 50 day moving average of $10.96 and a 200-day moving average of $11.05. The firm has a market cap of $775.65 million, a price-to-earnings ratio of 26.69 and a beta of 1.45.

Hedge Funds Weigh In On NerdWallet

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC acquired a new stake in shares of NerdWallet during the 4th quarter worth about $69,840,000. Vanguard Group Inc. increased its position in shares of NerdWallet by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company's stock worth $35,290,000 after purchasing an additional 69,499 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NerdWallet by 6.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company's stock worth $8,744,000 after purchasing an additional 57,735 shares in the last quarter. Quinn Opportunity Partners LLC increased its position in shares of NerdWallet by 3,324.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock worth $11,887,000 after purchasing an additional 867,681 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock worth $11,537,000 after purchasing an additional 64,366 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

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.