Deutsche Bank AG Has $1.90 Million Holdings in NerdWallet, Inc. $NRDS

Key Points

• Deutsche Bank AG increased its holdings in NerdWallet, Inc. by 58.2%, acquiring an additional 77,432 shares, bringing its total ownership to 210,385 shares valued at approximately $1.9 million.
• NerdWallet experienced a revenue growth of 24.1% year-over-year, posting $186.90 million for the quarter, although it did not meet consensus estimates.
• Analysts have lowered their price targets for NerdWallet, with a consensus target price now at $13.60 and a rating of "Moderate Buy."

Deutsche Bank AG increased its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 58.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 210,385 shares of the company's stock after purchasing an additional 77,432 shares during the quarter. Deutsche Bank AG owned 0.28% of NerdWallet worth $1,904,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. RHS Financial LLC bought a new stake in NerdWallet during the 1st quarter worth approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NerdWallet by 57.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company's stock worth $134,000 after purchasing an additional 5,389 shares in the last quarter. Corton Capital Inc. bought a new stake in NerdWallet during the 1st quarter worth approximately $137,000. Point72 Asia Singapore Pte. Ltd. increased its stake in NerdWallet by 3,417.4% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company's stock worth $140,000 after purchasing an additional 10,218 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in NerdWallet by 34.7% during the 4th quarter. Wells Fargo & Company MN now owns 16,394 shares of the company's stock worth $218,000 after purchasing an additional 4,225 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NRDS. Citigroup decreased their price target on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Barclays decreased their price target on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. KeyCorp decreased their price target on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Truist Financial decreased their price target on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

NerdWallet Stock Up 2.0%

Shares of NASDAQ NRDS traded up $0.21 during trading hours on Wednesday, hitting $10.47. The company had a trading volume of 285,864 shares, compared to its average volume of 609,540. The stock has a market capitalization of $795.72 million, a P/E ratio of 16.89 and a beta of 1.45. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The firm's 50 day moving average is $10.63 and its 200-day moving average is $10.28.

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

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.