In today’s recent session, 2.72 million shares of the Nerdwallet Inc (NASDAQ:NRDS) have been traded, and its beta is 1.42. Most recently the company’s share price was $15.08, and it changed around $3.76 or 33.21% from the last close, which brings the market valuation of the company to $1.19B. NRDS at last check was trading at a discount to its 52-week high of $17.30, offering almost -14.72% off that amount. The share price’s 52-week low was $9.48, which indicates that the recent value has risen by an impressive 37.14% since then. We note from Nerdwallet Inc’s average daily trading volume that its 10-day average is 0.65 million shares, with the 3-month average coming to 611.27K.

Nerdwallet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended NRDS as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Nerdwallet Inc is expected to report earnings per share of 0.07 for the current quarter.

Nerdwallet Inc (NASDAQ:NRDS) trade information

Instantly NRDS has been showing a green trend so far today with a performance of 33.21% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.02 on recent trading daydecreased the stock’s daily price by -0.4%. The company’s shares are currently up 2.44% year-to-date, but still up 36.96% over the last five days. On the other hand, Nerdwallet Inc (NASDAQ:NRDS) is 21.51% up in the 30-day period. We can see from the shorts that 4.11 million shares have been sold at a short interest cover period of 7.73 day(s).

The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 16.22% from its current value. Analyst projections state that NRDS is forecast to be at a low of $16 and a high of $22.

Nerdwallet Inc (NRDS) estimates and forecasts

Nerdwallet Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 14.58 percent over the past six months and at a 93.33% annual growth rate that is well above the industry average of 10.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 800.00% in revenue this quarter, and will report an increase of 1,000.00% in the next quarter. The year-over-year growth rate is expected to be 6.80%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 154.44M in revenue for the current quarter. 3 analysts expect Nerdwallet Inc to make 171.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 133.7M and 156.99M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.50%. Forecasts for the next quarter put sales growth at 9.20%.

NRDS Dividends

Nerdwallet Inc’s next quarterly earnings report is expected to be released on 2025-Feb-12.

Nerdwallet Inc (NASDAQ:NRDS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.64% of Nerdwallet Inc shares, and 74.72% of them are in the hands of institutional investors. The stock currently has a share float of 79.18%. Nerdwallet Inc stock is held by 163.0 institutions, with INNOVIUS CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 6.7479% of the shares, which is about 5.21 million shares worth $76.06 million.

VANGUARD GROUP INC, with 5.2296% or 4.04 million shares worth $58.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.