The stock of NerdWallet Inc. (NASDAQ:NRDS) last traded at $9.70, up 3.08% from the previous session.
Data from the available sources indicates that NerdWallet Inc. (NASDAQ:NRDS) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $12.00, we find $17.50. Given the previous closing price of $9.41, this indicates a potential upside of 85.97 percent. NRDS stock price is now -7.62% away from the 50-day moving average and -21.57% away from the 200-day moving average. The market capitalization of the company currently stands at $782.79M.
In total, 2 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $17.17 as their price target over the next twelve months.
With the price target reduced from $15 to $14, Citigroup Downgraded its rating from Buy to Neutral for NerdWallet Inc. (NASDAQ: NRDS).
In other news, Yuann Kevin, Chief Business Officer sold 2,570 shares of the company’s stock on Jun 02. The stock was sold for $25,623 at an average price of $9.97. Upon completion of the transaction, the Chief Business Officer now directly owns 234,527 shares in the company, valued at $2.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09, Chief Executive Officer Chen Tim Chao-Ming bought 30,838 shares of the business’s stock. A total of $258,422 was incurred on buying the stock at an average price of $8.38. This leaves the insider owning 685,477 shares of the company worth $6.65 million. Insiders disposed of 933,563 shares of company stock worth roughly $9.06 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 SAMLYN CAPITAL, LLC during the first quarter worth $11,152,000. AZORA CAPITAL LP invested $6,387,000 in shares of NRDS during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in NerdWallet Inc. valued at approximately $4,859,000. STEAMBOAT CAPITAL PARTNERS, LLC acquired a new stake in NRDS for approximately $3,804,000. DRIEHAUS CAPITAL MANAGEMENT LLC purchased a new stake in NRDS valued at around $3,763,000 in the second quarter. In total, there are 118 active investors with 54.50% ownership of the company’s stock.
With an opening price of $9.37 on Monday morning, NerdWallet Inc. (NASDAQ: NRDS) set off the trading day. During the past 12 months, NerdWallet Inc. has had a low of $7.80 and a high of $21.74. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.70, and a quick ratio of 2.70. The fifty day moving average price for NRDS is $10.50 and a two-hundred day moving average price translates $12.37 for the stock.
The latest earnings results from NerdWallet Inc. (NASDAQ: NRDS) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.02, beating analysts’ expectations of -$0.05 by 0.07. This compares to -$0.16 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.60% for NRDS. The company reported revenue of $169.6 million for the quarter, compared to $129.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.37 percent. For the current quarter, analysts expect NRDS to generate $137.3M 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 in the United States, the United Kingdom, Australia, and Canada. 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. NerdWallet, Inc. was founded in 2009 and is based in San Francisco, California.
