NerdWallet (NASDAQ:NRDS) Stock Price Expected to Rise, Barclays Analyst Says

NerdWallet (NASDAQ:NRDS) had its price objective boosted by stock analysts at Barclays from $16.00 to $17.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 15.72% from the stock’s previous close.

NRDS has been the subject of a number of other reports. Oppenheimer dropped their target price on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Truist Financial lowered their price target on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

NerdWallet Trading Down 2.5 %

Shares of NRDS opened at $14.69 on Wednesday. The stock has a fifty day moving average price of $12.41 and a two-hundred day moving average price of $13.23. NerdWallet has a 52-week low of $10.10 and a 52-week high of $17.30.

NerdWallet (NASDAQ:NRDS) last released 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). The business had revenue of $150.60 million during the quarter, compared to the consensus estimate of $149.93 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. Analysts expect that NerdWallet will post -0.01 earnings per share for the current year.

Insider Transactions at NerdWallet

In related news, VP Samuel Yount sold 5,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the transaction, the vice president now directly owns 2,329,471 shares in the company, valued at $27,976,946.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Topline Capital Management, Ll bought 49,722 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was bought at an average cost of $12.05 per share, for a total transaction of $599,150.10. Following the transaction, the insider now owns 4,839,090 shares of the company’s stock, valued at $58,311,034.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Samuel Yount sold 5,000 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 45.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in NerdWallet in the second quarter worth $31,000. nVerses Capital LLC bought a new stake in shares of NerdWallet in the 3rd quarter valued at $62,000. US Bancorp DE acquired a new stake in NerdWallet during the 3rd quarter worth $86,000. TNF LLC bought a new position in NerdWallet during the third quarter worth about $178,000. Finally, Algert Global LLC bought a new position in NerdWallet during the second quarter worth about $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.