NerdWallet, Inc. (NASDAQ:NRDS – Get Free Report) major shareholder Topline Capital Partners, Lp purchased 412,055 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average price of $11.35 per share, with a total value of $4,676,824.25. Following the purchase, the insider now owns 5,251,145 shares of the company’s stock, valued at approximately $59,600,495.75. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
NerdWallet Stock Performance
NRDS stock opened at $10.99 on Friday. NerdWallet, Inc. has a 52-week low of $6.38 and a 52-week high of $17.30. The company’s 50 day simple moving average is $12.38 and its 200-day simple moving average is $13.28.
NerdWallet (NASDAQ:NRDS – Get Free Report) last issued its 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). The business had revenue of $150.60 million during the quarter, compared to analyst estimates of $149.93 million. NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned ($0.14) EPS. On average, research analysts anticipate that NerdWallet, Inc. will post -0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On NerdWallet
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NRDS. Barclays dropped their target price on shares of NerdWallet from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Truist Financial lowered their price objective on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Oppenheimer decreased their price objective on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.
View Our Latest Analysis 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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