NerdWallet Inc. (NASDAQ: NRDS) stock jumped 0.87% on Friday to $9.30 against a previous-day closing price of $9.22. With 0.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $9.35 whereas the lowest price it dropped to was $8.87. The 52-week range on NRDS shows that it touched its highest point at $21.74 and its lowest point at $7.62 during that stretch. It currently has a 1-year price target of $16.67. Beta for the stock currently stands at 1.51.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NRDS was up-trending over the past week, with a rise of 10.32%, but this was up by 5.08% over a month. Three-month performance dropped to -15.45% while six-month performance fell -44.68%. The stock lost -17.92% in the past year, while it has lost -3.13% so far this year. A look at the trailing 12-month EPS for NRDS yields 0.01 with Next year EPS estimates of 0.21. For the next quarter, that number is -0.08. This implies an EPS growth rate of 77.30% for this year and 310.00% for next year.
Float and Shares Shorts:
At present, 76.80 million NRDS shares are outstanding with a float of 42.70 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.41 million, which was 1.82% higher than short shares on Jul 30, 2023. In addition to Mr. Tim Chen as the firm’s Co-founder, Chairman & CEO, Ms. Lauren St. Clair Waugh serves as its Chief Financial Officer.
Through their ownership of 68.86% of NRDS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.70% of NRDS, in contrast to 21.67% held by mutual funds. Shares owned by individuals account for 15.41%. As the largest shareholder in NRDS with 7.08% of the stake, The Vanguard Group, Inc. holds 3,246,069 shares worth 3,246,069. A second-largest stockholder of NRDS, BlackRock Fund Advisors, holds 2,119,291 shares, controlling over 4.62% of the firm’s shares. T. Rowe Price Investment Manageme is the third largest shareholder in NRDS, holding 1,985,700 shares or 4.33% stake. With a 2.67% stake in NRDS, the T Rowe Price Small Cap Value Fund is the largest stakeholder. A total of 1,224,278 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.36% of NRDS stock, is the second-largest Mutual Fund holder. It holds 1,080,320 shares valued at 9.72 million. Vanguard Small Cap Index Fund holds 2.04% of the stake in NRDS, owning 935,377 shares worth 8.42 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, NRDS reported revenue of $125.20M and operating income of -$7.20M. The EBITDA in the recently reported quarter was $500.00k and diluted EPS was -$0.14.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NRDS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NRDS analysts setting a high price target of $21.00 and a low target of $11.00, the average target price over the next 12 months is $17.20. Based on these targets, NRDS could surge 125.81% to reach the target high and rise by 18.28% to reach the target low. Reaching the average price target will result in a growth of 84.95% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded NRDS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 513,494 while 911,877 shares were sold.