Following recent analyst ratings and price targets for Nerdwallet (NASDAQ: NRDS) as of March 11, 2024, here are the key takeaways:
Analyst Ratings:
– Over the past three months, 6 financial analysts have weighed in on Nerdwallet, with a breakdown of 1 Bullish, 3 Somewhat Bullish, and 2 Indifferent ratings. Notably, there were no Bearish or Somewhat Bearish ratings during this period.
Price Targets:
– The average 12-month price target for Nerdwallet stands at $17.80, with a high estimate of $22.00 and a low estimate of $13.00, indicating an 11.39% upside potential from the current price.
Recent Analyst Actions:
– Analysts have adjusted their ratings and price targets for Nerdwallet in response to market conditions and company performance. For instance:
– James Faucette from Morgan Stanley upgraded the rating to Equal-Weight with a price target of $15.00.
– Justin Patterson from Keybanc raised the rating to Overweight with a price target of $22.00.
– Ross Sandler from Barclays also raised the rating to Overweight with a price target of $18.00.
– Youssef Squali from Truist Securities downgraded the rating to Buy with a price target of $19.00.
– Peter Christiansen from Citigroup upgraded the rating to Neutral with a price target of $16.00.
These insights offer a comprehensive view of how financial analysts perceive Nerdwallet’s stock performance and future potential, based on recent evaluations and price targets.
NRDS Stock Fluctuates on March 11, 2024: Pre-Market Movement Indicates Positive Momentum
On March 11, 2024, NRDS stock experienced some fluctuations in its performance. According to data from CNN Money, NRDS is currently trading in the middle of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been relatively stable over the long term.
NRDS shares saw a slight decrease in price, with a $0.04 drop since the market last closed, representing a 0.25% decrease from the previous closing price of $15.94. However, there was some positive movement in pre-market trading, with the stock rising $0.06.
Overall, while NRDS experienced a minor dip during regular trading hours, the pre-market movement suggests that there may be some positive momentum building for the stock. Investors will be keeping a close eye on how the stock performs throughout the day to see if this upward trend continues.
It’s important for investors to conduct their own research and analysis before making any trading decisions. Factors such as market conditions, company performance, and industry trends can all impact the price of a stock. Keeping informed and staying updated on the latest news and developments can help investors make more informed decisions when it comes to trading NRDS or any other stock.
NRDS Stock Performance: Mixed Results Revealed in Latest Financial Data
On March 11, 2024, NRDS stock showed mixed performance based on the latest financial data provided by CNN Money. The company reported a total revenue of $599.40 million for the past year, which represented an 11.23% increase compared to the previous year. However, the total revenue remained flat at $133.70 million for the last quarter.
In terms of net income, NRDS reported a loss of $11.80 million for the past year, which indicated a 15.69% decrease compared to the previous year. On the other hand, the net income improved slightly to a loss of $2.30 million for the last quarter.
Earnings per share (EPS) for NRDS also showed a decline over the past year, with a decrease of 6.44% to -$0.15. However, the EPS improved to -$0.03 for the last quarter, indicating a 0.0% increase from the previous quarter.
Overall, NRDS stock performance on March 11, 2024, reflected a mixed financial performance for the company. While total revenue showed a significant increase compared to the previous year, net income and EPS experienced declines. Investors may want to closely monitor the company’s financial performance in the coming quarters to assess its long-term growth prospects and stock valuation.
