NerdWallet (NASDAQ:NRDS) Price Target Raised to $17.00

by · The Cerbat Gem

NerdWallet (NASDAQ:NRDS – Free Report) had its price target increased by Barclays from $14.00 to $17.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. KeyCorp increased their price target on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial decreased their target price on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NerdWallet currently has an average rating of “Moderate Buy” and a consensus target price of $15.40.

Read Our Latest Stock Analysis on NRDS

NerdWallet Stock Performance

Shares of NASDAQ:NRDS traded up $0.71 during trading on Friday, reaching $14.35. 1,533,912 shares of the stock traded hands, compared to its average volume of 532,325. NerdWallet has a 52-week low of $7.55 and a 52-week high of $15.92. The stock has a market cap of $1.09 billion, a P/E ratio of 14.95 and a beta of 1.45. The stock has a 50-day moving average of $11.10 and a two-hundred day moving average of $10.76.

NerdWallet (NASDAQ:NRDS – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The firm had revenue of $215.10 million during the quarter, compared to analyst estimates of $193.31 million. NerdWallet had a net margin of 9.22% and a return on equity of 9.43%. NerdWallet’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. Sell-side analysts expect that NerdWallet will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Nicholas Tatum sold 4,272 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total transaction of $45,966.72. Following the transaction, the chief accounting officer directly owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 45.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On NerdWallet

Several large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in shares of NerdWallet by 58.2% in the 1st quarter. Deutsche Bank AG now owns 210,385 shares of the company’s stock valued at $1,904,000 after purchasing an additional 77,432 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in NerdWallet during the first quarter valued at approximately $681,000. American Century Companies Inc. raised its stake in NerdWallet by 128.8% in the first quarter. American Century Companies Inc. now owns 48,599 shares of the company’s stock worth $440,000 after buying an additional 27,362 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NerdWallet by 6.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company’s stock worth $8,744,000 after buying an additional 57,735 shares during the period. Finally, PDT Partners LLC boosted its position in NerdWallet by 38.4% during the 1st quarter. PDT Partners LLC now owns 149,994 shares of the company’s stock valued at $1,357,000 after acquiring an additional 41,615 shares in the last quarter. 38.81% of the stock is owned by hedge funds and other institutional investors.

NerdWallet Company Profile

(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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