FY2024 EPS Estimates for NerdWallet Reduced by William Blair

NerdWallet, Inc. (NASDAQ:NRDS) – William Blair reduced their FY2024 earnings per share (EPS) estimates for NerdWallet in a research note issued on Tuesday, October 29th. William Blair analyst R. Schackart now forecasts that the company will post earnings of ($0.18) per share for the year, down from their prior estimate of ($0.07). The consensus estimate for NerdWallet’s current full-year earnings is ($0.01) per share. William Blair also issued estimates for NerdWallet’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at $0.05 EPS and FY2025 earnings at $0.03 EPS.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The company had revenue of $150.60 million for the quarter, compared to analyst estimates of $149.93 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.

A number of other equities analysts also recently commented on NRDS. Morgan Stanley boosted their price objective on NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays upped their price target on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday. KeyCorp upped their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial lowered their price target 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 lowered their price target on NerdWallet from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Stock Performance

Shares of NerdWallet stock opened at $14.51 on Friday. NerdWallet has a one year low of $10.10 and a one year high of $17.30. The company has a market cap of $1.14 billion, a PE ratio of -103.64 and a beta of 1.42. The business has a 50-day simple moving average of $12.46 and a 200-day simple moving average of $13.24.

Insider Buying and Selling at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the sale, the vice president now owns 2,329,471 shares in the company, valued at approximately $27,976,946.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Topline Capital Partners, Lp purchased 412,055 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the completion of the purchase, the insider now directly owns 5,251,145 shares of the company’s stock, valued at $59,600,495.75. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Samuel Yount sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.01, for a total value of $60,050.00. Following the sale, the vice president now owns 2,329,471 shares of the company’s stock, valued at $27,976,946.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 45.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On NerdWallet

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of NerdWallet during the second quarter worth approximately $31,000. nVerses Capital LLC purchased a new stake in shares of NerdWallet during the third quarter worth approximately $62,000. US Bancorp DE purchased a new stake in shares of NerdWallet during the third quarter worth approximately $86,000. Algert Global LLC purchased a new stake in shares of NerdWallet during the second quarter worth approximately $196,000. Finally, TNF LLC purchased a new stake in shares of NerdWallet during the third quarter worth approximately $178,000. Hedge funds and other 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.