Nerdwallet Inc (NASDAQ: NRDS) is -11.01% lower on its value in year-to-date trading and has touched a low of $6.38 and a high of $17.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NRDS stock was last observed hovering at around $12.84 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $13.10, the stock is 4.47% and 0.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 2.02% at the moment leaves the stock -7.25% off its SMA200. NRDS registered 42.08% gain for a year compared to 6-month loss of -15.54%.
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The stock witnessed a 9.81% gain in the last 1 month and extending the period to 3 months gives it a -3.11%, and is 4.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 3.37% over the month.
Nerdwallet Inc (NRDS) has around 730 employees, a market worth around $1.03B and $599.00M in sales. Fwd P/E is 41.37. Profit margin for the company is -1.85%. Distance from 52-week low is 105.33% and -24.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.89%).
The EPS is expected to grow by 106.67% this year
159.0 institutions hold shares in Nerdwallet Inc (NRDS), with institutional investors hold 77.34% of the company’s shares. The shares outstanding are 45.25M, and float is at 38.06M with Short Float at 4.41%. Institutions hold 72.98% of the Float.
The top institutional shareholder in the company is INNOVIUS CAPITAL MANAGEMENT, LLC with over 5.21 million shares valued at $76.06 million. The investor’s holdings represent 6.7479 of the NRDS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.04 million shares valued at $58.94 million to account for 5.2296 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.7 million shares representing 3.4959 and valued at over $39.4 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.4206 of the shares totaling 2.64 million with a market value of $38.55 million.
Nerdwallet Inc (NRDS) Insider Activity
The most recent transaction is an insider sale by YOUNT SAMUEL, the company’s VP, General Manager. SEC filings show that YOUNT SAMUEL sold 5,000 shares of the company’s common stock on Aug 19 ’24 at a price of $12.01 per share for a total of $60050.0. Following the sale, the insider now owns 2.33 million shares.
Nerdwallet Inc disclosed in a document filed with the SEC on Jul 03 ’24 that YOUNT SAMUEL (VP, General Manager) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Jul 03 ’24 and was made at $15.04 per share for $0.11 million. Following the transaction, the insider now directly holds 2.33 million shares of the NRDS stock.
Still, SEC filings show that on Jul 02 ’24, YOUNT SAMUEL (VP, General Manager) disposed off 5,000 shares at an average price of $14.66 for $73300.0. The insider now directly holds 2,341,971 shares of Nerdwallet Inc (NRDS).
