NerdWallet (NASDAQ:NRDS) Price Target Raised to $19.00 at Barclays

NerdWallet (NASDAQ:NRDS) had its price objective hoisted by equities researchers at Barclays from $17.00 to $19.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 35.91% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. KeyCorp upped their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.60.

NerdWallet Stock Performance

NerdWallet stock opened at $13.98 on Thursday. NerdWallet has a 52 week low of $10.10 and a 52 week high of $17.30. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -99.85 and a beta of 1.33. The company has a 50 day moving average price of $13.84 and a 200 day moving average price of $13.23.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. Equities analysts forecast that NerdWallet will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samuel Yount sold 154,465 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total value of $2,029,670.10. Following the completion of the transaction, the insider now owns 409,147 shares in the company, valued at approximately $5,376,191.58. This represents a 27.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lauren Stclair sold 11,856 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.04, for a total transaction of $166,458.24. Following the transaction, the chief financial officer now owns 313,100 shares of the company’s stock, valued at approximately $4,395,924. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 822,353 shares of company stock valued at $11,051,439 in the last three months. Company insiders own 45.93% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

Large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in NerdWallet during the 4th quarter valued at $80,000. US Bancorp DE acquired a new position in NerdWallet during the 3rd quarter worth about $86,000. Intech Investment Management LLC acquired a new stake in NerdWallet in the 3rd quarter valued at about $135,000. AXQ Capital LP acquired a new stake in NerdWallet in the 4th quarter valued at about $138,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of NerdWallet by 3,417.4% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock worth $140,000 after purchasing an additional 10,218 shares in the last quarter. Institutional investors own 38.81% 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.