NerdWallet, Inc. (NASDAQ:NRDS – Get Free Report) insider Topline Capital Management, Ll purchased 49,722 shares of the company’s stock in a transaction on Monday, October 21st. The stock was purchased at an average price of $12.05 per share, for a total transaction of $599,150.10. Following the purchase, the insider now directly owns 4,839,090 shares of the company’s stock, valued at $58,311,034.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NerdWallet Stock Up 3.1 %
Shares of NerdWallet stock opened at $11.33 on Friday. The business has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $13.26. NerdWallet, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $17.30. The firm has a market cap of $891.78 million, a price-to-earnings ratio of -75.53 and a beta of 1.42.
NerdWallet (NASDAQ:NRDS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The business had revenue of $150.60 million during the quarter, compared to the consensus estimate of $149.93 million. During the same quarter last year, the firm posted ($0.14) earnings per share. NerdWallet’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that NerdWallet, Inc. will post -0.01 earnings per share for the current fiscal year.
Institutional Trading of NerdWallet
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Oppenheimer decreased their price objective on NerdWallet from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Truist Financial decreased their price target on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Barclays cut their price objective on shares of NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.
Read Our Latest Stock Report on NRDS
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.
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