The stock of NerdWallet Inc. (NASDAQ:NRDS) last traded at $10.72, up 0.66% from the previous session.
Data from the available sources indicates that NerdWallet Inc. (NASDAQ:NRDS) is covered by 8 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $11.00, we find $16.00. Given the previous closing price of $10.65, this indicates a potential upside of 50.23 percent. NRDS stock price is now -2.15% away from the 50-day moving average and 3.73% away from the 200-day moving average. The market capitalization of the company currently stands at $763.26M.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
In total, 1 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $17.71 as their price target over the next twelve months.
On November 29, 2021, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $30, while ‘Oppenheimer’ rates the stock as ‘Outperform’.
In other news, Yuann Kevin, Chief Business Officer sold 6,526 shares of the company’s stock on Jan 17. The stock was sold for $66,754 at an average price of $10.23. Upon completion of the transaction, the Chief Business Officer now directly owns 199,664 shares in the company, valued at $2.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Chief Executive Officer Chen Tim Chao-Ming bought 26,888 shares of the business’s stock. A total of $249,790 was incurred on buying the stock at an average price of $9.29. This leaves the insider owning 416,176 shares of the company worth $4.46 million. Insiders disposed of 919,591 shares of company stock worth roughly $9.86 million over the past 1 year. A total of 11.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NRDS stock. A new stake in NerdWallet Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $19,189,000. LORD, ABBETT & CO. LLC invested $3,692,000 in shares of NRDS during the first quarter. In the first quarter, PARIAN GLOBAL MANAGEMENT LP acquired a new stake in NerdWallet Inc. valued at approximately $643,000. CENTAURUS FINANCIAL, INC. acquired a new stake in NRDS for approximately $373,000. RIDGECREST WEALTH PARTNERS, LLC purchased a new stake in NRDS valued at around $152,000 in the second quarter. In total, there are 101 active investors with 54.50% ownership of the company’s stock.
With an opening price of $10.58 on Tuesday morning, NerdWallet Inc. (NASDAQ: NRDS) set off the trading day. During the past 12 months, NerdWallet Inc. has had a low of $7.07 and a high of $16.61. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 2.90, and a quick ratio of 2.90. The fifty day moving average price for NRDS is $10.96 and a two-hundred day moving average price translates $10.33 for the stock.
The latest earnings results from NerdWallet Inc. (NASDAQ: NRDS) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at -$0.14, missing analysts’ expectations of -$0.1 by -0.04. This compares to -$0.16 EPS in the same period last year. The net profit margin was -5.40% and return on equity was -9.90% for NRDS. The company reported revenue of $142.6 million for the quarter, compared to $98.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.77 percent. For the current quarter, analysts expect NRDS to generate $136.74M in revenue.
NerdWallet Inc.(NRDS) 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. The company’s platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans. It serves customers in the United States, the United Kingdom, and Canada. The company was founded in 2009 and is based in San Francisco, California.
