In yesterday’s Wall Street session, Nerdwallet Inc (NASDAQ:NRDS) shares traded at $9.34, up 40.66% from the previous session.
As of this writing, 7 analysts cover Nerdwallet Inc (NASDAQ:NRDS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $10.00, we find $14.50. Given the previous closing price of $6.64, this indicates a potential upside of 118.37 percent. NRDS stock price is now 9.73% away from the 50-day moving average and -19.40% away from the 200-day moving average. The market capitalization of the company currently stands at $719.09M.
There are 2 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $14.67 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, Chen Tim Chao-Ming, Chief Executive Officer bought 6,650 shares of the company’s stock on Sep 12. The stock was bought for $54,597 at an average price of $8.21. Upon completion of the transaction, the Chief Executive Officer now directly owns 695,173 shares in the company, valued at $6.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11, Chief Executive Officer Chen Tim Chao-Ming bought 23,938 shares of the business’s stock. A total of $201,079 was incurred on buying the stock at an average price of $8.40. This leaves the insider owning 688,523 shares of the company worth $6.43 million. Insiders disposed of 942,892 shares of company stock worth roughly $8.81 million over the past 1 year. A total of 53.41% 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 EVENTIDE ASSET MANAGEMENT, LLC during the first quarter worth $1,401,000. PATHWAY CAPITAL MANAGEMENT, LP invested $1,018,000 in shares of NRDS during the first quarter. In the first quarter, JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in Nerdwallet Inc valued at approximately $708,000. SWISS NATIONAL BANK acquired a new stake in NRDS for approximately $687,000. DARK FOREST CAPITAL MANAGEMENT LP purchased a new stake in NRDS valued at around $594,000 in the second quarter. In total, there are 138 active investors with 28.14% ownership of the company’s stock.
Friday morning saw Nerdwallet Inc (NASDAQ: NRDS) opened at $8.00. During the past 12 months, Nerdwallet Inc has had a low of $6.38 and a high of $21.74. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 4.33, and a quick ratio of 4.33. The fifty day moving average price for NRDS is $8.52 and a two-hundred day moving average price translates $11.59 for the stock.
The latest earnings results from Nerdwallet Inc (NASDAQ: NRDS) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.14, missing analysts’ expectations of -$0.03 by -0.11. This compares to $0.01 EPS in the same period last year. The net profit margin was -0.10% and return on equity was -0.18% for NRDS. The company reported revenue of $152.8 million for the quarter, compared to $142.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.15 percent. For the current quarter, analysts expect NRDS to generate $144.36M 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.
