A share price of Nerdwallet Inc [NRDS] is currently trading at $10.85, down -3.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NRDS shares have gain 5.75% over the last week, with a monthly amount glided 18.19%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nerdwallet Inc [NASDAQ: NRDS] stock has seen the most recent analyst activity on May 03, 2023, when Citigroup downgraded its rating to a Neutral and also revised its price target to $14 from $15. On November 29, 2021, Truist initiated with a Buy rating and assigned a price target of $30 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $30 on November 29, 2021. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $24 as its price target on November 29, 2021. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on November 29, 2021, and assigned it a price target of $35. In a note dated November 29, 2021, Citigroup initiated an Buy rating and provided a target price of $30 on this stock.
Nerdwallet Inc experienced fluctuations in its stock price throughout the past year between $7.55 and $16.45. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Nerdwallet Inc [NASDAQ: NRDS] shares were valued at $10.85 at the most recent close of the market. An investor can expect a potential return of 29.03% based on the average NRDS price forecast.
Analyzing the NRDS fundamentals
Trailing Twelve Months sales for Nerdwallet Inc [NASDAQ:NRDS] were 771.20M which represents 24.10% growth. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.65 points at the first support level, and at 10.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.13, and for the 2nd resistance point, it is at 11.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nerdwallet Inc [NASDAQ:NRDS] is 3.44. As well, the Quick Ratio is 3.44, while the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 17.46.
Transactions by insiders
Recent insider trading involved The Margaret Yount Charitable, Officer, that happened on Jan 24 ’25 when 44481.0 shares were purchased. Officer, The Yount Revocable Trust U/A/ completed a deal on Jan 24 ’25 to buy 0.3 million shares. Meanwhile, Officer THE SMB CHARITABLE REMAINDER T bought 44481.0 shares on Jan 24 ’25.
