NerdWallet (NASDAQ:NRDS – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, February 14th. Analysts expect NerdWallet to post earnings of $0.09 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
NerdWallet Trading Up 1.3 %
Shares of NRDS stock opened at $12.87 on Tuesday. The company has a market cap of $956.63 million, a P/E ratio of -30.64 and a beta of 2.08. The stock has a 50 day simple moving average of $10.45 and a two-hundred day simple moving average of $10.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.91 and a current ratio of 2.91. NerdWallet has a fifty-two week low of $7.07 and a fifty-two week high of $16.61.
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Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their target price on NerdWallet from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, December 6th. KeyCorp decreased their price objective on NerdWallet from $15.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, November 1st. Finally, William Blair restated an "outperform" rating on shares of NerdWallet in a report on Wednesday, January 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet has a consensus rating of "Moderate Buy" and an average target price of $14.25.
Insider Activity at NerdWallet
In related news, CEO Tim Chao-Ming Chen acquired 26,888 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The shares were bought at an average cost of $9.29 per share, for a total transaction of $249,789.52. Following the purchase, the chief executive officer now owns 416,176 shares in the company, valued at approximately $3,866,275.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through
this hyperlink. In other news, CEO Tim Chao-Ming Chen acquired 26,888 shares of the business's stock in a transaction dated Friday, December 16th. The stock was purchased at an average cost of $9.29 per share, for a total transaction of $249,789.52. Following the acquisition, the chief executive officer now owns 416,176 shares of the company's stock, valued at $3,866,275.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through
this hyperlink. Also, insider Kevin Yuann sold 6,526 shares of the company's stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $10.23, for a total value of $66,760.98. Following the completion of the transaction, the insider now owns 199,664 shares of the company's stock, valued at $2,042,562.72. The disclosure for this sale can be found
here. In the last three months, insiders have sold 10,714 shares of company stock worth $116,799. 49.56% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new stake in NerdWallet during the 2nd quarter valued at $242,000. Bank of Montreal Can purchased a new position in shares of NerdWallet in the 1st quarter worth $235,000. Rhumbline Advisers purchased a new position in shares of NerdWallet in the 2nd quarter worth $233,000. Alliancebernstein L.P. boosted its stake in shares of NerdWallet by 90.8% in the 3rd quarter. Alliancebernstein L.P. now owns 22,900 shares of the company's stock worth $203,000 after buying an additional 10,900 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of NerdWallet by 137.6% in the 1st quarter. Bank of America Corp DE now owns 16,670 shares of the company's stock worth $200,000 after buying an additional 9,655 shares during the last quarter. Institutional investors own 31.22% of the company's stock.
About NerdWallet
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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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
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