San Francisco’s NerdWallet, Inc. (NRDS) operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small- and mid-sized businesses with financial products providers. The company's shares jumped 48% in price in their stock market debut on Nov. 4, 2021. The company sold 7.25 million shares at $18—the midpoint of its proposed $17 - $19 range—raising $130.5 million. However, the stock has declined 54.6% in price since it started trading.
NRDS shares have slumped 16.2% over the past month to close yesterday’s trading session at $12.84. But Wall Street analysts’ $31.14 median price target indicates a potential 142.5% upside from its last closing price. NRDS stock now has an $845.32 million market capitalization.
