According to MarketBeat Ratings, the eight research firms actively monitoring NerdWallet, Inc. (NASDAQ: NRDS) have given the company’s shares an average rating of “Moderate Buy.” These ratings are from the eight research firms that are following the company at this time. In addition, the analysts who cover the company gave it this rating. [citation needed] The stock purchase has been recommended by seven research specialists, while only one market analyst has given the stock a buy rating.
Most analysts who have written on the company in the last year have settled on a price estimate of $22.79 per share for the company’s stock in the next year. Separately, in a research note published on August 4th, KeyCorp lowered the “overweight” rating that they had previously assigned to NerdWallet shares and lowered their price objective on the stock from $27.00 to $15.00. According to press reports of this development, Tim Chao-Ming Chen, the company’s Chief Executive Officer, purchased 30,000 shares of the company’s stock on Tuesday, August 9th.
Following the successful conclusion of the transaction, the Chief Executive Officer is now the direct owner of 389,507 shares of the company’s stock, the total value of which is $3,739,267.20. The corporate transaction was made known to the general public using a formal document delivered to the SEC and is currently searchable online. In other events, on Tuesday, August 9th, Tim Chao-Ming Chen, Chief Executive Officer of the company, purchased 30,000 shares of the company’s stock. It was announced in a press release.
Following the successful conclusion of the transaction, the Chief Executive Officer is now the direct owner of 389,507 shares of the company’s stock, the total value of which is $3,739,267.20. The corporate transaction was made known to the general public using a formal document delivered to the SEC and is currently searchable online. On June 2nd, the Chief Financial Officer of the firm, Lauren Stclair, sold 5,532 shares of the company’s stock. The revenue was generated by selling a total of $66,328.68 worth of the stock at an average price per share of $11.99, which resulted in the stock’s transaction and revenue generation. Because of the transaction, the chief financial officer now has ownership of 225,611 shares of the company. Based on the current stock price, these shares are estimated to be worth around $2,705,075.89.
Disclosures that are related to the sale might be found in this section of the website. Recently, insiders of the firm sold 14,619 shares of company stock for a total value of $166,447. Insiders of the company currently hold 49.56% of the total stock company. Recently, several institutional investors changed the current percentage of the company’s stock that they own or control through their investments. During the second quarter, Prana Capital Management LP increased the proportion of NerdWallet shares it owned by five percentage points. Following the acquisition of an additional 2,313 shares during the most recent quarter (as of the most recent reporting), Prana Capital Management LP is now the owner of a total of 48,630 shares in the firm, which has a combined value of $386,000 as of the most recent reporting.
During the second quarter, Quantbot Technologies LP increased the proportion of NerdWallet’s ownership, which it controlled by 64.4%. Quantbot Technologies LP now has 8,667 shares of the company’s stock, worth a combined total of $68,000 after purchasing an additional 3,394 shares during the quarter. It brings the total number of shares owned by the business to 8,667. NerdWallet received an investment from JPMorgan Chase & Co. of about $58,000 during the first quarter. In addition, the Bank of America Corp. DE raised the percentage of NerdWallet owned by 137.6% during the first three months of 2018. Following the completion of the most recent quarter, Bank of America Corp DE has acquired an additional 9,655 shares of the business’s stock, bringing the total number of shares it owns to 16,670. The total value of the entire stock holdings Bank of America Corp DE held as of the most recent market close is $200,000.
Finally, but certainly not least, during the final three months of 2018, WINTON GROUP Ltd. acquired a new investment in NerdWallet for close to 162,000 dollars. To the tune of 49.04% of the company’s shares, hedge funds and other institutional investors are the holders of these shares. On Monday morning, the price of a share of NRDS stock was $10.47 when the market opened. The stock price is $9.43 according to its 50-day simple moving average and $10.34 according to its 200-day simple moving average. In addition, customers, small and medium-sized enterprises, and providers of financial goods can all be brought together through a digital platform that NerdWallet, Inc. has developed.
It is done to make providing financial advice centered on the consumer’s needs easier. Customers can access various tools and resources through the company’s platform, including product markets, calculators, educational resources, and the NerdWallet app. In addition, customers can get advice on various financial products, including credit cards, mortgages, insurance, small and medium-sized business products, personal loans, banking, investments, and student loans.
