NerdWallet (NASDAQ:NRDS) Releases Quarterly Earnings Results

NerdWallet (NASDAQ:NRDS) issued its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. The business had revenue of $183.80 million during the quarter, compared to the consensus estimate of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. NerdWallet updated its Q1 2025 guidance to EPS.

NerdWallet Price Performance

Shares of NRDS opened at $11.38 on Friday. NerdWallet has a 12 month low of $10.10 and a 12 month high of $17.30. The stock’s 50-day moving average is $13.80 and its two-hundred day moving average is $13.21. The stock has a market cap of $835.75 million, a PE ratio of 28.45 and a beta of 1.33.

Analyst Upgrades and Downgrades

NRDS has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, KeyCorp upped their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One 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, the stock has an average rating of “Moderate Buy” and an average target price of $17.60.

Insider Activity

In other NerdWallet news, insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares in the company, valued at $3,429,657.13. This represents a 63.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lauren Stclair sold 11,856 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total transaction of $166,458.24. Following the sale, the chief financial officer now directly owns 313,100 shares of the company’s stock, valued at approximately $4,395,924. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 822,353 shares of company stock worth $11,051,439. 45.93% of the stock is currently owned by corporate insiders.

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.