NerdWallet, Inc. (NASDAQ:NRDS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.00.

A number of brokerages have issued reports on NRDS. KeyCorp cut their target price on NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Citigroup cut their price objective on NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th.

Institutional Trading of NerdWallet

Several hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in NerdWallet in the 4th quarter valued at about $80,000. RHS Financial LLC purchased a new stake in shares of NerdWallet during the first quarter worth approximately $100,000. EntryPoint Capital LLC acquired a new stake in NerdWallet in the first quarter valued at approximately $114,000. US Bancorp DE lifted its stake in NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in NerdWallet during the 1st quarter worth approximately $130,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Price Performance

Shares of NRDS stock opened at $10.59 on Friday. NerdWallet has a 1-year low of $7.55 and a 1-year high of $16.45. The firm has a market cap of $789.06 million, a PE ratio of 27.15 and a beta of 1.45. The company has a 50-day moving average of $10.87 and a two-hundred day moving average of $11.08.

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.