NerdWallet (NASDAQ:NRDS – Free Report) had its target price increased by Barclays from $16.00 to $17.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.
NRDS has been the topic of several other reports. Oppenheimer reduced their price objective on NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Truist Financial cut their price target on NerdWallet from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Two 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.
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NerdWallet Stock Performance
NerdWallet (NASDAQ:NRDS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The business had revenue of $150.60 million for the quarter, compared to the consensus estimate of $149.93 million. During the same period in the prior year, the business posted ($0.14) earnings per share. NerdWallet’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that NerdWallet will post -0.01 EPS for the current year.
Insiders Place Their Bets
In other NerdWallet news, VP Samuel Yount sold 5,000 shares of NerdWallet stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $12.01, for a total transaction of $60,050.00. Following the completion of the sale, the vice president now owns 2,329,471 shares of the company’s stock, valued at approximately $27,976,946.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Topline Capital Management, Ll acquired 49,722 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was acquired at an average price of $12.05 per share, with a total value of $599,150.10. Following the acquisition, the insider now directly owns 4,839,090 shares in the company, valued at $58,311,034.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Samuel Yount sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the transaction, the vice president now directly owns 2,329,471 shares of the company’s stock, valued at approximately $27,976,946.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 45.93% of the stock is currently owned by insiders.
Hedge Funds Weigh In On NerdWallet
A number of large investors have recently bought and sold shares of NRDS. Quarry LP acquired a new position in NerdWallet in the 2nd quarter worth about $31,000. nVerses Capital LLC acquired a new position in NerdWallet in the 3rd quarter worth about $62,000. US Bancorp DE acquired a new position in NerdWallet in the 3rd quarter worth about $86,000. TNF LLC purchased a new stake in NerdWallet during the 3rd quarter worth approximately $178,000. Finally, Algert Global LLC purchased a new stake in NerdWallet during the 2nd quarter worth approximately $196,000. Institutional investors and hedge funds own 38.81% of the company’s stock.
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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