American Century Companies Inc. Buys 27,362 Shares of NerdWallet, Inc. $NRDS

Key Points

• American Century Companies Inc. increased its stake in NerdWallet, Inc. by 128.8%, owning 48,599 shares valued at approximately $440,000 after acquiring an additional 27,362 shares in the first quarter.
• NerdWallet reported $186.90 million in revenue for its last quarter, falling short of analysts' expectations, while also achieving a net margin of 6.11%.
• Several research firms have adjusted their price targets for NerdWallet, with Barclays lowering its target from $17.00 to $14.00 and maintaining an "overweight" rating.

American Century Companies Inc. increased its position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 128.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,599 shares of the company's stock after buying an additional 27,362 shares during the quarter. American Century Companies Inc. owned 0.07% of NerdWallet worth $440,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in NerdWallet by 34.7% during the fourth quarter. Wells Fargo & Company MN now owns 16,394 shares of the company's stock valued at $218,000 after purchasing an additional 4,225 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NerdWallet by 57.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company's stock worth $134,000 after acquiring an additional 5,389 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of NerdWallet by 28.0% in the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company's stock worth $231,000 after acquiring an additional 5,589 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of NerdWallet by 3,417.4% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company's stock worth $140,000 after acquiring an additional 10,218 shares in the last quarter. Finally, RHS Financial LLC acquired a new position in shares of NerdWallet in the 1st quarter worth approximately $100,000. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Stock Up 4.8%

NRDS stock traded up $0.51 during trading on Monday, hitting $11.19. The company had a trading volume of 1,014,332 shares, compared to its average volume of 476,896. The firm has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.08. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The stock has a market cap of $850.44 million, a price-to-earnings ratio of 18.05 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The firm had revenue of $186.90 million during the quarter, compared to analysts' expectations of $195.32 million. During the same quarter in the previous year, the company posted ($0.12) EPS. NerdWallet's revenue was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. Equities analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NRDS. Barclays reduced their target price on NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Truist Financial reduced their target price on NerdWallet from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

NerdWallet Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.