NerdWallet (NRDS) Set to Announce Earnings on Thursday

NerdWallet (NASDAQ:NRDS) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. NerdWallet has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Wednesday, February 14th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The business had revenue of $133.70 million during the quarter, compared to analyst estimates of $138.43 million. NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. On average, analysts expect NerdWallet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NerdWallet Trading Down 0.1 %

Shares of NASDAQ NRDS opened at $13.35 on Thursday. The stock has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $13.32. NerdWallet has a 12 month low of $6.38 and a 12 month high of $17.30. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -83.43 and a beta of 1.39.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup upped their target price on NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Truist Financial cut their price target on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. KeyCorp lifted their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Barclays raised their target price on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, TheStreet raised NerdWallet from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Insider Activity

In related news, VP Samuel Yount sold 6,309 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $16.16, for a total value of $101,953.44. Following the transaction, the vice president now directly owns 2,350,242 shares in the company, valued at approximately $37,979,910.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 45.93% of the company’s stock.

Institutional Trading of NerdWallet

A number of hedge funds have recently bought and sold shares of NRDS. Samlyn Capital LLC purchased a new stake in NerdWallet in the first quarter worth $18,974,000. Vanguard Group Inc. boosted its holdings in shares of NerdWallet by 43.2% in the third quarter. Vanguard Group Inc. now owns 3,064,047 shares of the company’s stock worth $27,178,000 after acquiring an additional 924,147 shares during the period. BlackRock Inc. grew its position in shares of NerdWallet by 32.8% in the second quarter. BlackRock Inc. now owns 2,310,991 shares of the company’s stock valued at $21,746,000 after purchasing an additional 570,203 shares in the last quarter. FMR LLC lifted its holdings in NerdWallet by 20.0% during the 1st quarter. FMR LLC now owns 3,003,325 shares of the company’s stock worth $48,594,000 after purchasing an additional 501,314 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NerdWallet by 334.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 334,495 shares of the company’s stock worth $3,148,000 after purchasing an additional 257,514 shares during the period. 38.81% of the stock is currently owned by institutional investors.

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.