NerdWallet Hangs Just Off Lows With Traders Watching One Issue
NerdWallet Inc. shares rose about 1% to $8.56–$8.57 in midday Nasdaq trading Thursday, near the low end of their 52-week range. First-quarter revenue reached $222.2 million, up 6% year over year, with GAAP net income at $20.4 million. Consumer revenue climbed 10%, while SMB revenue fell 15%. Wall Street analysts lowered price targets but kept mixed ratings.