Nerdwallet Inc’s recent filing unveils that its Topline Capital Management, LL acquired Company’s shares for reported $4.68 million on Oct 22 ’24. In the deal valued at $11.35 per share,412,055 shares were bought. As a result of this transaction, Topline Capital Management, LL now holds 5,251,145 shares worth roughly $76.19 million.
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Then, Topline Capital Management, LL bought 49,722 shares, generating $599,150 in total proceeds. Upon buying the shares at $12.05, the now owns 4,839,090 shares.
Before that, Topline Capital Partners, LP bought 412,055 shares. Nerdwallet Inc shares valued at $4,676,824 were divested by the 10% Owner at a price of $11.35 per share. As a result of the transaction, Topline Capital Partners, LP now holds 5,251,145 shares, worth roughly $76.19 million.
Citigroup downgraded its Nerdwallet Inc [NRDS] rating to a Neutral from a a Buy in a research note published on May 03, 2023; the price target was decreased to $14 from $15. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. Truist began covering NRDS with “Buy” recommendation on November 29, 2021. Oppenheimer started covering the stock on November 29, 2021. It rated NRDS as “an Outperform”.
Price Performance Review of NRDS
On Friday, Nerdwallet Inc [NASDAQ:NRDS] saw its stock fall -1.23% to $14.51. Over the last five days, the stock has gained 28.07%. Nerdwallet Inc shares have fallen nearly -1.43% since the year began. Nevertheless, the stocks have risen 32.75% over the past one year. While a 52-week high of $17.30 was reached on 02/27/24, a 52-week low of $10.10 was recorded on 08/05/24. SMA at 50 days reached $12.49, while 200 days put it at $13.90.
Levels Of Support And Resistance For NRDS Stock
The 24-hour chart illustrates a support level at 14.14, which if violated will result in even more drops to 13.77. On the upside, there is a resistance level at 14.91. A further resistance level may holdings at 15.32. The Relative Strength Index (RSI) on the 14-day chart is 65.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.65%. Stochastics %K at 78.89% indicates the stock is a holding.
How much short interest is there in Nerdwallet Inc?
A steep rise in short interest was recorded in Nerdwallet Inc stocks on 2024-10-15, growing by 2.5 million shares to a total of 4.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.61 million shares. There was a rise of 60.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 29, 2021 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $24 price target.
