NerdWallet (NASDAQ:NRDS) Price Target Raised to $16.00 at KeyCorp

NerdWallet (NASDAQ:NRDS) had its price target increased by equities researchers at KeyCorp from $15.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 22.14% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Barclays dropped their price objective on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price objective on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.60.

NerdWallet Trading Up 9.3%

NRDS traded up $1.12 during mid-day trading on Friday, hitting $13.10. 766,272 shares of the stock were exchanged, compared to its average volume of 523,970. The firm’s fifty day moving average is $11.03 and its two-hundred day moving average is $10.69. NerdWallet has a 1-year low of $7.55 and a 1-year high of $16.07. The company has a market cap of $995.60 million, a PE ratio of 21.13 and a beta of 1.45.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The business had revenue of $215.10 million for the quarter, compared to analysts’ expectations of $193.31 million. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that NerdWallet will post 0.36 earnings per share for the current 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 transaction, the chief accounting officer owned 68,020 shares in the company, valued at $731,895.20. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 46.54% of the stock is currently owned by company insiders.

Institutional Trading of NerdWallet

A number of hedge funds have recently added to or reduced their stakes in NRDS. Nuveen LLC purchased a new position in NerdWallet in the first quarter valued at about $3,661,000. Millennium Management LLC lifted its holdings in shares of NerdWallet by 23.9% during the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock worth $7,847,000 after acquiring an additional 166,984 shares during the period. Ieq Capital LLC purchased a new stake in shares of NerdWallet during the 1st quarter valued at $1,493,000. Kent Lake PR LLC raised its holdings in shares of NerdWallet by 115.6% in the 2nd quarter. Kent Lake PR LLC now owns 275,000 shares of the company’s stock worth $3,017,000 after purchasing an additional 147,466 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in NerdWallet during the second quarter worth approximately $1,046,000. 38.81% of the stock is owned by institutional investors and hedge funds.

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.