Home Markets NRDS Stock Is Too High at Today’s Price, Don’t Waste Your Time

NRDS Stock Is Too High at Today’s Price, Don’t Waste Your Time

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NerdWallet (NASDAQ:NRDS) completed its IPO on Nov. 8 at $18.00 per share and subsequently, the stock shot up. The company was able to raise $135 million in equity capital, including the brokers’ greenshoe option. As a result, at $27.22 at the close on Nov. 22, NRDS stock now has a $1.8 billion market capitalization. In fact, including restricted stock and options that are in the money, the market value is even higher.

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However, the company, which sells direct-to-consumer (DTC) leads in the financial services marketplace to other firms, as well as advertising, is still not profitable. Moreover, it may be a while for that to happen.

As a result, NRDS stock is not looking like any kind of bargain at the present time. It is just one more overpriced IPO stock taking advantage of the present ebullient valuations for financial services companies.

Where Things Stand with NerdWallet

For the nine months ending…

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