NerdWallet (NASDAQ:NRDS) Posts Earnings Results, Meets Estimates

NerdWallet (NASDAQ:NRDS) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. NerdWallet updated its Q1 2025 guidance to EPS.

NerdWallet Price Performance

Shares of NRDS remained flat at $13.98 on Wednesday. 900,486 shares of the company were exchanged, compared to its average volume of 370,331. NerdWallet has a 12 month low of $10.10 and a 12 month high of $17.30. The firm has a market cap of $1.03 billion, a PE ratio of -99.85 and a beta of 1.33. The company has a fifty day moving average of $13.85 and a two-hundred day moving average of $13.20.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at NerdWallet

In other news, CFO Lauren Stclair sold 11,856 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the sale, the chief financial officer now owns 313,100 shares in the company, valued at $4,395,924. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Samuel Yount sold 440,336 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the transaction, the insider now owns 254,237 shares in the company, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 822,353 shares of company stock worth $11,051,439. Insiders own 45.93% 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.