Barclays Raises NerdWallet (NASDAQ:NRDS) Price Target to $17.00

NerdWallet (NASDAQ:NRDS) had its target price increased by Barclays from $14.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.91% from the company’s previous close.

Several other equities research analysts also recently issued reports on NRDS. Truist Financial cut their target price on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, August 11th. KeyCorp raised their price objective on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and an average target price of $14.60.

NerdWallet Trading Up 10.1%

NASDAQ NRDS traded up $1.21 on Friday, reaching $13.19. The company’s stock had a trading volume of 966,027 shares, compared to its average volume of 524,656. The firm has a market cap of $1.00 billion, a PE ratio of 21.13 and a beta of 1.45. The business has a 50-day moving average price of $11.03 and a 200 day moving average price of $10.69. NerdWallet has a 52 week low of $7.55 and a 52 week high of $16.07.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The firm had revenue of $215.10 million for the quarter, compared to analyst estimates of $193.31 million. The business’s quarterly revenue was up 12.4% on a year-over-year basis. NerdWallet has set its Q4 2025 guidance at EPS. Analysts anticipate that NerdWallet will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Nicholas Tatum sold 4,272 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total transaction of $45,966.72. Following the completion of the sale, the chief accounting officer owned 68,020 shares of the company’s stock, valued at $731,895.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 46.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NerdWallet

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of NerdWallet by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,994,180 shares of the company’s stock worth $42,977,000 after purchasing an additional 48,205 shares during the period. JPMorgan Chase & Co. lifted its position in NerdWallet by 400.7% during the third quarter. JPMorgan Chase & Co. now owns 98,023 shares of the company’s stock valued at $1,055,000 after purchasing an additional 78,447 shares during the last quarter. State of Wyoming raised its position in NerdWallet by 4.2% during the third quarter. State of Wyoming now owns 68,537 shares of the company’s stock valued at $737,000 after purchasing an additional 2,753 shares in the last quarter. AlphaQuest LLC grew its position in NerdWallet by 82.8% during the third quarter. AlphaQuest LLC now owns 26,204 shares of the company’s stock valued at $282,000 after acquiring an additional 11,866 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in NerdWallet by 44.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,894 shares of the company’s stock worth $1,925,000 after purchasing an additional 54,626 shares during the period. 38.81% of the stock is currently owned by institutional investors.

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.