NerdWallet (NASDAQ:NRDS) Hits New 1-Year Low – Should You Sell?

NerdWallet, Inc. (NASDAQ:NRDS)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.76 and last traded at $9.71, with a volume of 16986 shares trading hands. The stock had previously closed at $10.09.

Analysts Set New Price Targets

NRDS has been the topic of a number of research reports. Morgan Stanley lowered their price target on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Barclays boosted their target price on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

NerdWallet Trading Down 1.6 %

The company’s 50 day moving average is $13.40 and its 200-day moving average is $13.20. The company has a market capitalization of $735.89 million, a P/E ratio of 24.83 and a beta of 1.33.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. Analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at NerdWallet

In other news, insider Samuel Yount sold 440,336 shares of NerdWallet stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the sale, the insider now directly owns 254,237 shares in the company, valued at $3,429,657.13. The trade was a 63.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 810,497 shares of company stock worth $10,884,981. 45.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NerdWallet

Several institutional investors have recently made changes to their positions in NRDS. Versor Investments LP purchased a new position in shares of NerdWallet in the fourth quarter valued at about $669,000. Verition Fund Management LLC bought a new stake in NerdWallet in the 3rd quarter worth approximately $516,000. Point72 Asset Management L.P. purchased a new stake in shares of NerdWallet during the 3rd quarter worth approximately $890,000. Barclays PLC raised its stake in NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company’s stock valued at $830,000 after purchasing an additional 51,524 shares in the last quarter. Finally, State Street Corp lifted its position in NerdWallet by 3.7% during the third quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after purchasing an additional 28,785 shares during 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.