NerdWallet price target lowered to $17 from $19 at Barclays

Barclays lowered the firm’s price target on NerdWallet (NRDS) to $17 from $19 and keeps an Overweight rating on the shares following the earnings report. NerdWallet has taken the insurance vertical from non-existent to nearly 40% of company revenue in just three years, the analyst tells investors in a research note. The firm says this “flexibility should bode well when other categories recover.”