NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report)'s stock price fell 5.2% on Friday . The stock traded as low as $10.85 and last traded at $10.70. 82,132 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 564,114 shares. The stock had previously closed at $11.29.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. KeyCorp cut their target price 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 dropped their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, NerdWallet has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Read Our Latest Stock Analysis on NerdWallet
NerdWallet Trading Up 0.2%
The firm has a market cap of $790.58 million, a price-to-earnings ratio of 27.21 and a beta of 1.45. The firm's 50-day moving average is $10.87 and its 200-day moving average is $11.07.
Institutional Investors Weigh In On NerdWallet
A number of institutional investors and hedge funds have recently made changes to their positions in NRDS. KLP Kapitalforvaltning AS bought a new stake in NerdWallet during the 4th quarter worth approximately $80,000. RHS Financial LLC bought a new stake in NerdWallet during the first quarter worth $100,000. EntryPoint Capital LLC purchased a new stake in NerdWallet in the 1st quarter valued at $114,000. US Bancorp DE raised its position in NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after buying an additional 2,800 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in NerdWallet during the 1st quarter valued at $130,000. Institutional investors and hedge funds own 38.81% of the company's stock.
About NerdWallet
(
Get Free Report)
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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