NerdWallet, Inc. (NASDAQ: NRDS – Get a rating) received an average recommendation of “moderate buy” from the eight research companies that cover the business, reports MarketBeat.com. One analyst rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 1-year average price target among brokers who have hedged the stock over the past year is $22.79.
Separately, KeyCorp lowered its target price on NerdWallet shares from $27.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday.
Insider Buying and Selling at NerdWallet
In other news, Insider Kevin Yuan sold 3,524 shares in a trade that took place on Monday, May 9. The stock was sold at an average price of $8.08, for a total transaction of $28,473.92. Following the sale, the insider now directly owns 223,116 shares of the company, valued at approximately $1,802,777.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. In other news, Insider Kevin Yuan sold 3,524 shares of the company in a trade on Monday, May 9. The shares were sold at an average price of $8.08, for a total transaction of $28,473.92. Following the completion of the transaction, the insider now owns 223,116 shares of the company, valued at $1,802,777.28. The sale was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, Chief Financial Officer Lauren Stclair sold 5,532 shares in a trade dated Thursday, June 2. The stock was sold at an average price of $11.99, for a total transaction of $66,328.68. Following the completion of the sale, the CFO now directly owns 225,611 shares of the company, valued at approximately $2,705,075.89. Disclosure of this sale can be found here. Insiders sold a total of 16,643 shares of the company worth $179,756 over the past ninety days. Insiders of the company hold 49.56% of the shares of the company.
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Several large investors have recently increased or reduced their stake in NRDS. Innovius Capital Management LLC acquired a new stock position in NerdWallet during the fourth quarter worth $81,006,000. Point72 Asset Management LP acquired a new position in NerdWallet during Q4 worth approximately $9,099,000. Schonfeld Strategic Advisors LLC purchased a new equity stake in NerdWallet during Q4 for a value of approximately $5,622,000. Rit Capital Partners PLC acquired a new equity stake in NerdWallet in Q4 worth approximately $3,888,000. Finally, HST Ventures LLC increased its holdings of NerdWallet shares by 8.3% in the first quarter. HST Ventures LLC now owns 220,799 shares of the company valued at $2,647,000 after acquiring an additional 16,889 shares in the last quarter. 49.04% of the shares are currently held by institutional investors and hedge funds.
NerdWallet Stock Up 3.7%
NASDAQ NRDS shares opened at $8.88 on Thursday. NerdWallet has a 1-year minimum of $7.07 and a 1-year maximum of $34.44. The stock’s 50-day simple moving average is $9.69 and its 200-day simple moving average is $10.81.
NerdWallet (NASDAQ: NRDS – Get a rating) last released its quarterly results on Tuesday, May 3. The company reported ($0.16) earnings per share for the quarter, missing analyst consensus estimates of ($0.14) by ($0.02). The company posted revenue of $129.10 million for the quarter, versus analyst estimates of $123.28 million. Research analysts expect NerdWallet to post -0.27 earnings per share for the current fiscal year.
NerdWallet, Inc operates a digital platform that provides consumer-focused personal finance advice by connecting individuals and small and medium-sized businesses with financial product providers. The company’s platform offers consumer guidance through educational content, tools and calculators and product marketplaces, as well as the NerdWallet app for various financial products including credit cards, mortgages, insurance, small business products, personal loans, banking services, investments and student loans. .
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