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

NerdWallet (NASDAQ:NRDS) had its price target lifted by analysts at Morgan Stanley from $12.00 to $14.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 0.25% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Truist Financial increased their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp increased their target price on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday. Barclays raised their target price on NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.40.

NerdWallet Trading Up 2.4%

NRDS stock traded up $0.33 during trading on Monday, reaching $13.97. 797,337 shares of the stock were exchanged, compared to its average volume of 530,031. The firm has a market cap of $1.06 billion, a P/E ratio of 14.50 and a beta of 1.45. The firm’s 50 day moving average is $11.10 and its 200 day moving average is $10.76. NerdWallet has a twelve month low of $7.55 and a twelve month high of $15.92.

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. The firm had revenue of $215.10 million during the quarter, compared to analyst estimates of $193.31 million. NerdWallet had a return on equity of 9.43% and a net margin of 9.22%.The firm’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, analysts predict that NerdWallet will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at NerdWallet

In other news, CAO Nicholas Tatum sold 4,272 shares of the company’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 sale, the chief accounting officer directly owned 68,020 shares of the company’s stock, valued at $731,895.20. This represents a 5.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 45.93% of the stock is currently owned by insiders.

Institutional Trading of NerdWallet

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

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.