NerdWallet price target lowered to $15 from $18 at Truist

Truist lowered the firm’s price target on NerdWallet (NRDS) to $15 from $18 and keeps a Buy rating on the shares. The company’s Q1 results and Q2 guide were both soft due to a direct insurer pulling back on its spend, though these were offset by better performance from Banking and Loans, leading to a comfortable beat on the bottom line on higher marketing efficiency, the analyst tells investors in a research note.