NerdWallet, Inc. (NASDAQ:NRDS) Stock Has Average Target Price of $12.83

Shares of NerdWallet, Inc. (NASDAQ:NRDS – Get Free Report) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.83.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NerdWallet in a report on Tuesday, August 18th.

Read Our Latest Analysis on NerdWallet

Institutional Investors Weigh In On NerdWallet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new position in shares of NerdWallet in the 1st quarter valued at about $41,000. Squarepoint Ops LLC purchased a new position in shares of NerdWallet in the second quarter worth about $508,000. State of Wyoming increased its position in shares of NerdWallet by 5.8% in the first quarter. State of Wyoming now owns 59,142 shares of the company’s stock valued at $614,000 after acquiring an additional 3,263 shares during the period. Quantinno Capital Management LP lifted its holdings in NerdWallet by 286.0% in the 1st quarter. Quantinno Capital Management LP now owns 72,764 shares of the company’s stock worth $755,000 after buying an additional 53,915 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of NerdWallet during the second quarter valued at about $1,016,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Trading Up 0.3%

Shares of NRDS stock traded up $0.03 during mid-day trading on Tuesday, reaching $9.85. The stock had a trading volume of 72,831 shares, compared to its average volume of 847,406. The business has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.37. The company has a market cap of $629.32 million, a P/E ratio of 11.06 and a beta of 1.25. NerdWallet has a 12-month low of $7.33 and a 12-month high of $16.24.

NerdWallet (NASDAQ:NRDS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). NerdWallet had a net margin of 7.56% and a return on equity of 18.07%. The company had revenue of $197.30 million for the quarter, compared to analysts’ expectations of $195.30 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Research analysts anticipate that NerdWallet will post 0.88 EPS for the current year.

NerdWallet Company Profile

(Get Free Report)

NerdWallet, Inc is a personal finance company that helps consumers make informed decisions about financial products and services. Its platform combines financial education, research, comparison tools and a marketplace that connects users with providers.

The company covers a range of personal finance categories, including credit cards, banking, personal and student loans, mortgages, insurance, investing and financial planning. NerdWallet also provides resources for small-business owners and publishes editorial content, reviews and calculators designed to help users evaluate their options.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco, California.

Featured Stories

Analyst Recommendations for NerdWallet (NASDAQ:NRDS)

Receive News & Ratings for NerdWallet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NerdWallet and related companies with MarketBeat.com's FREE daily email newsletter.