NerdWallet (NASDAQ:NRDS) Upgraded at Zacks Research

NerdWallet (NASDAQ:NRDS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

NRDS has been the topic of a number of other research reports. Barclays raised their price objective on NerdWallet from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Morgan Stanley raised their price target on shares of NerdWallet from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday. KeyCorp boosted their price target on shares of NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Truist Financial increased their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NerdWallet currently has a consensus rating of “Moderate Buy” and an average target price of $15.40.

NerdWallet Trading Up 1.0%

Shares of NerdWallet stock opened at $14.50 on Monday. The firm has a market capitalization of $1.10 billion, a PE ratio of 15.10 and a beta of 1.45. NerdWallet has a twelve month low of $7.55 and a twelve month high of $15.65. The firm’s 50-day moving average price is $11.26 and its 200 day moving average price is $10.83.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Thursday, November 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $215.10 million during the quarter, compared to analysts’ expectations of $193.31 million. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The company’s revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that NerdWallet will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total value 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 represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 45.93% of the stock is owned by insiders.

Institutional Investors Weigh In On NerdWallet

A number of large investors have recently modified their holdings of NRDS. Deutsche Bank AG increased its holdings in NerdWallet by 58.2% in the first quarter. Deutsche Bank AG now owns 210,385 shares of the company’s stock valued at $1,904,000 after buying an additional 77,432 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of NerdWallet during the 1st quarter worth about $681,000. American Century Companies Inc. increased its holdings in shares of NerdWallet by 128.8% in the 1st quarter. American Century Companies Inc. now owns 48,599 shares of the company’s stock valued at $440,000 after acquiring an additional 27,362 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of NerdWallet by 6.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company’s stock valued at $8,744,000 after acquiring an additional 57,735 shares during the last quarter. Finally, PDT Partners LLC raised its position in shares of NerdWallet by 38.4% during the 1st quarter. PDT Partners LLC now owns 149,994 shares of the company’s stock worth $1,357,000 after acquiring an additional 41,615 shares in the last quarter. 38.81% of the stock is owned by hedge funds and other 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.