NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) insider Topline Capital Management, Ll purchased 49,722 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average cost of $12.05 per share, for a total transaction of $599,150.10. Following the completion of the acquisition, the insider now directly owns 4,839,090 shares in the company, valued at $58,311,034.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NerdWallet Price Performance
NRDS opened at $11.01 on Thursday. The firm has a market capitalization of $855.90 million, a price-to-earnings ratio of -64.76 and a beta of 1.42. NerdWallet, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $17.30. The company's 50 day moving average price is $12.39 and its two-hundred day moving average price is $13.30.
NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). NerdWallet had a negative net margin of 1.85% and a negative return on equity of 2.98%. The firm had revenue of $150.60 million during the quarter, compared to the consensus estimate of $149.93 million. During the same period in the prior year, the company posted ($0.14) earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts predict that NerdWallet, Inc. will post -0.01 EPS for the current year.
Analyst Ratings Changes
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Several equities research analysts recently issued reports on NRDS shares. Barclays decreased their price target on shares of NerdWallet from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. Truist Financial reduced their target price on shares of NerdWallet from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Finally, Oppenheimer reduced their target price on shares of NerdWallet from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.
View Our Latest Stock Report on NerdWallet
Institutional Investors Weigh In On NerdWallet
A number of institutional investors have recently modified their holdings of NRDS. Quarry LP bought a new stake in shares of NerdWallet in the 2nd quarter valued at $31,000. nVerses Capital LLC bought a new position in NerdWallet during the third quarter worth $62,000. Algert Global LLC bought a new position in NerdWallet during the second quarter worth $196,000. The Manufacturers Life Insurance Company boosted its stake in NerdWallet by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company's stock worth $219,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in NerdWallet by 11.1% during the second quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company's stock worth $229,000 after acquiring an additional 1,561 shares in the last quarter. 38.81% of the stock is owned by institutional investors.
About NerdWallet
(
Get Free Report)
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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