NerdWallet, Inc. (NASDAQ:NRDS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NerdWallet, Inc. (NASDAQ:NRDS) has received an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.40.

NRDS has been the subject of several research reports. Barclays boosted their price target on shares of NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley boosted their target price on NerdWallet from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Truist Financial upped their price target on NerdWallet from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Zacks Research upgraded shares of NerdWallet from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Finally, KeyCorp raised their target price on shares of NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th.

NerdWallet Stock Up 4.7%

NASDAQ NRDS traded up $0.62 during trading on Friday, hitting $13.92. The stock had a trading volume of 833,842 shares, compared to its average volume of 785,378. The company has a market capitalization of $1.01 billion, a PE ratio of 14.50 and a beta of 1.45. The firm has a 50 day moving average price of $11.79 and a 200 day moving average price of $11.08. NerdWallet has a twelve month low of $7.55 and a twelve month high of $15.27.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The business had revenue of $215.10 million for the quarter, compared to analysts’ expectations of $193.31 million. NerdWallet had a net margin of 9.22% and a return on equity of 9.27%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that NerdWallet will post 0.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total value of $45,966.72. Following the transaction, the chief accounting officer owned 68,020 shares of the company’s stock, valued at $731,895.20. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Samuel Yount sold 12,129 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $14.34, for a total value of $173,929.86. Following the completion of the sale, the insider owned 389,622 shares in the company, valued at approximately $5,587,179.48. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,922 shares of company stock worth $227,321 over the last 90 days. Company insiders own 46.54% of the company’s stock.

Hedge Funds Weigh In On NerdWallet

Several hedge funds have recently added to or reduced their stakes in NRDS. Tower Research Capital LLC TRC lifted its position in shares of NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after buying an additional 1,054 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NerdWallet by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock worth $249,000 after acquiring an additional 1,934 shares in the last quarter. JPMorgan Chase & Co. lifted its position in NerdWallet by 12.4% in the second quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company’s stock valued at $215,000 after acquiring an additional 2,161 shares during the last quarter. State of Wyoming boosted its position in shares of NerdWallet by 4.2% in the 3rd quarter. State of Wyoming now owns 68,537 shares of the company’s stock valued at $737,000 after purchasing an additional 2,753 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in NerdWallet by 22.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company’s stock valued at $170,000 after buying an additional 2,877 shares during the last quarter. 38.81% of the stock is currently 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.