Analysts Set NerdWallet, Inc. (NASDAQ:NRDS) PT at $17.00

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.00.

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp lifted their target price on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

NerdWallet Trading Up 4.0 %

Shares of NerdWallet stock opened at $14.44 on Wednesday. The firm has a market capitalization of $1.06 billion, a PE ratio of -103.14 and a beta of 1.32. The firm’s 50 day moving average is $13.42 and its 200 day moving average is $13.38. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue was up 25.2% compared to the same quarter last year. As a group, research analysts anticipate that NerdWallet will post -0.11 earnings per share for the current year.

Insider Transactions at NerdWallet

In related news, insider Topline Capital Management, Ll bought 49,722 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average price of $12.05 per share, for a total transaction of $599,150.10. Following the transaction, the insider now directly owns 4,839,090 shares of the company’s stock, valued at approximately $58,311,034.50. The trade was a 1.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 412,055 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the transaction, the insider now directly owns 5,251,145 shares in the company, valued at $59,600,495.75. This trade represents a 8.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 45.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NRDS. Basswood Capital Management L.L.C. acquired a new position in shares of NerdWallet during the 3rd quarter valued at $6,446,000. Vanguard Group Inc. increased its stake in NerdWallet by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock valued at $58,880,000 after purchasing an additional 432,262 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in NerdWallet by 346.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NerdWallet by 12.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in NerdWallet by 32.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. Institutional investors and hedge funds 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.