NerdWallet (NASDAQ:NRDS) Stock Rating Upgraded by Zacks Research

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

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

NerdWallet Stock Performance

Shares of NRDS stock opened at $14.50 on Monday. The stock’s 50-day moving average is $11.26 and its two-hundred day moving average is $10.83. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 15.10 and a beta of 1.45. NerdWallet has a 1 year low of $7.55 and a 1 year high of $15.65.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $215.10 million during the quarter, compared to the consensus estimate of $193.31 million. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.NerdWallet’s 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 predict that NerdWallet will post 0.36 EPS for the current year.

Insider Buying and Selling

In related news, CAO Nicholas Tatum sold 4,272 shares of the firm’s stock in a transaction dated 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 in the company, valued at $731,895.20. This trade represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 45.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NerdWallet

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of NerdWallet by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,994,180 shares of the company’s stock valued at $42,977,000 after buying an additional 48,205 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in NerdWallet by 3.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company’s stock worth $10,926,000 after acquiring an additional 29,829 shares during the period. Geode Capital Management LLC raised its position in NerdWallet by 9.7% in the second quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock worth $10,154,000 after acquiring an additional 81,986 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in NerdWallet by 1.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 899,099 shares of the company’s stock valued at $9,863,000 after acquiring an additional 11,310 shares during the period. Finally, Millennium Management LLC boosted its position 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 purchasing an additional 166,984 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.