NerdWallet (NASDAQ:NRDS – Get Free Report) had its target price lifted by stock analysts at KeyCorp from $18.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 28.87% from the stock’s current price.
NRDS has been the topic of a number of other research reports. Citigroup increased their target price on NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Morgan Stanley reduced their target price on NerdWallet from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. TheStreet raised NerdWallet from a “d+” rating to a “c-” rating in a report on Thursday, December 21st. Truist Financial reduced their target price on NerdWallet from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Finally, Barclays reduced their target price on NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NerdWallet presently has a consensus rating of “Moderate Buy” and an average price target of $16.33.
NerdWallet Stock Up 2.0 %
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Trexquant Investment LP raised its position in shares of NerdWallet by 2.7% in the 4th quarter. Trexquant Investment LP now owns 42,959 shares of the company’s stock worth $632,000 after acquiring an additional 1,133 shares in the last quarter. UBS Group AG increased its position in NerdWallet by 76.0% in the 4th quarter. UBS Group AG now owns 49,606 shares of the company’s stock valued at $730,000 after buying an additional 21,417 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in NerdWallet during the 4th quarter valued at about $239,000. Dimensional Fund Advisors LP boosted its stake in NerdWallet by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 630,778 shares of the company’s stock valued at $9,286,000 after purchasing an additional 143,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in NerdWallet by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,444 shares of the company’s stock valued at $4,452,000 after purchasing an additional 17,020 shares during the last quarter. 36.22% of the stock is owned by institutional investors.
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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
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