NasdaqGM:NRDSConsumer Finance
NerdWallet (NRDS) Stock Jumps As Cash Flow Strength Counters Profit Dip
NerdWallet shares jumped 12.1% to US$9.91 after the Q2 print, a sharp move for a stock that had already been grinding higher over the past week and quarter. The market clearly liked what it saw in the headline numbers, especially the 38% earnings growth over the last year and a P/E of 10x that still sits below the wider US market.
Short term traders are reacting to the pop. Long term investors will focus on whether that earnings momentum and a 7.6% trailing net margin justify a price that...