NerdWallet (NASDAQ:NRDS) Reaches New 12-Month Low – Time to Sell?

Shares of NerdWallet, Inc. (NASDAQ:NRDS) hit a new 52-week low on Tuesday . The stock traded as low as $8.75 and last traded at $8.77, with a volume of 337003 shares changing hands. The stock had previously closed at $9.02.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NRDS shares. Barclays lifted their price target on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley cut their price objective on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Stock Down 2.8 %

The stock has a market capitalization of $649.93 million, a PE ratio of 21.93 and a beta of 1.39. The company has a 50-day moving average of $12.57 and a 200 day moving average of $12.98.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. As a group, equities analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samuel Yount sold 3,003 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $13.45, for a total value of $40,390.35. Following the transaction, the insider now owns 401,101 shares of the company’s stock, valued at $5,394,808.45. This represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 597,804 shares of company stock valued at $8,010,193. Insiders own 45.93% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

Large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in shares of NerdWallet in the 4th quarter valued at $80,000. US Bancorp DE increased its holdings 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 purchasing an additional 2,800 shares during the last quarter. Intech Investment Management LLC acquired a new stake in NerdWallet in the 3rd quarter valued at approximately $135,000. AXQ Capital LP acquired a new stake in NerdWallet in the 4th quarter valued at approximately $138,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in NerdWallet by 3,417.4% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock valued at $140,000 after purchasing an additional 10,218 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Company Profile

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.