NerdWallet (NRDS) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NerdWallet in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NRDS shares.
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7 Wall Street analysts have issued 12 month price targets for NerdWallet's stock. Their NRDS share price forecasts range from $11.00 to $21.00. On average, they expect the company's stock price to reach $16.67 in the next twelve months. This suggests a possible upside of 88.1% from the stock's current price.
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NerdWallet's stock was trading at $9.60 at the beginning of the year. Since then, NRDS stock has decreased by 7.7% and is now trading at $8.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our NRDS earnings forecast.

NerdWallet, Inc. (NASDAQ:NRDS) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by $0.11. The firm earned $143.30 million during the quarter, compared to analysts' expectations of $137.22 million. NerdWallet had a negative trailing twelve-month return on equity of 1.93% and a net margin of 0.10%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS.

ETFs with the largest weight of NerdWallet (NASDAQ:NRDS) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF).

NerdWallet updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $142.00 million-$147.00 million, compared to the consensus revenue estimate of $145.51 million.

(NRDS) raised $131 million in an initial public offering (IPO) on Thursday, November 4th 2021. The company issued 7,300,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, KeyBanc Capital Markets, BofA SecuritiesBarclays Capital and Citigroup acted as the underwriters for the IPO and Truist Securities,, William Blair and Oppenheimer were co-managers.

NerdWallet trades on the NASDAQ under the ticker symbol "NRDS."

NerdWallet's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.01%), Institutional Venture Management XIV LLC (1.44%), Brandywine Global Investment Management LLC (1.30%), Geode Capital Management LLC (0.88%), State Street Corp (0.76%) and Dimensional Fund Advisors LP (0.44%). Insiders that own company stock include Kelly Gillease, Kevin Yuann, Lauren Stclair and Tim Chao-Ming Chen.
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Shares of NRDS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NRDS stock can currently be purchased for approximately $8.86.

NerdWallet (NASDAQ:NRDS) has a market capitalization of $686.98 million and generates $597.50 million in revenue each year. The company earns $-10,200,000.00 in net income (profit) each year or $0.01 on an earnings per share basis.

The company employs 770 workers across the globe.

The official website for the company is www.nerdwallet.com. The company can be reached via phone at 415-549-8913 or via email at ir@nerdwallet.com.