NerdWallet (NASDAQ:NRDS) Trading Up 5.9% – Here’s What Happened

NerdWallet, Inc. (NASDAQ:NRDS) rose 5.9% during mid-day trading on Monday . The company traded as high as $14.41 and last traded at $14.56. Approximately 33,246 shares were traded during trading, a decline of 92% from the average daily volume of 416,314 shares. The stock had previously closed at $13.75.

Analyst Ratings Changes

NRDS has been the topic of a number of recent research reports. KeyCorp upped their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays increased their price objective on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, NerdWallet presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

NerdWallet Stock Up 6.9 %

The business has a fifty day simple moving average of $13.73 and a two-hundred day simple moving average of $13.31. The company has a market cap of $1.08 billion, a P/E ratio of -104.64 and a beta of 1.32.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $191.30 million during the quarter, compared to the consensus estimate of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities analysts predict that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Insider Transactions at NerdWallet

In other NerdWallet news, CFO Lauren Stclair sold 11,856 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.04, for a total transaction of $166,458.24. Following the sale, the chief financial officer now directly owns 313,100 shares of the company’s stock, valued at $4,395,924. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samuel Yount sold 65,167 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total value of $898,652.93. Following the completion of the transaction, the insider now owns 581,419 shares in the company, valued at $8,017,768.01. The trade was a 10.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 822,353 shares of company stock valued at $11,051,439 over the last quarter. 45.93% of the stock is currently owned by company insiders.

Institutional Trading of NerdWallet

Several institutional investors and hedge funds have recently added to or reduced their stakes in NRDS. Quarry LP bought a new position in shares of NerdWallet during the 2nd quarter valued at about $31,000. nVerses Capital LLC bought a new stake in NerdWallet in the third quarter worth $62,000. US Bancorp DE purchased a new stake in NerdWallet during the third quarter valued at $86,000. Intech Investment Management LLC bought a new position in NerdWallet during the third quarter valued at $135,000. Finally, TNF LLC purchased a new position in shares of NerdWallet in the 3rd quarter worth $178,000. Institutional investors 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.