Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Nerdwallet (NASDAQ:NRDS) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $18.33, a high estimate of $22.00, and a low estimate of $15.00. This current average reflects an increase of 12.25% from the previous average price target of $16.33.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Nerdwallet among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Faucette | Morgan Stanley | Raises | Equal-Weight | $15.00 | $13.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $22.00 | $20.00 |
| Ross Sandler | Barclays | Raises | Overweight | $18.00 | $16.00 |
| Youssef Squali | Truist Securities | Lowers | Buy | $19.00 | $20.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $20.00 | $18.00 |
| Peter Christiansen | Citigroup | Raises | Neutral | $16.00 | $11.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Nerdwallet. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nerdwallet compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Nerdwallet's market position. Stay informed and make well-informed decisions with our Ratings Table.
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Get to Know Nerdwallet Better
Nerdwallet Inc is a company that provides onsumer-driven advice about personal finance through its platform by connecting individuals and small and mid-sized businesses (SMBs) with providers of financial products. They get revenue from fees paid by its financial services partners in the form of either revenue per action, revenue per click, revenue per lead and revenue per funded loan arrangements.
Nerdwallet: Financial Performance Dissected
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Nerdwallet faced challenges, resulting in a decline of approximately -5.85% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -1.72%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Nerdwallet's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.63%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Nerdwallet's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.55%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.