Deutsche Bank AG Increases 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 lifted its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 58.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of NerdWallet by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock worth $11,537,000 after purchasing an additional 64,366 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of NerdWallet by 28.0% in the first quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company's stock worth $231,000 after purchasing an additional 5,589 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of NerdWallet in the first quarter worth approximately $681,000. Jefferies Financial Group Inc. bought a new position in shares of NerdWallet in the fourth quarter worth approximately $901,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NerdWallet by 69.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,102 shares of the company's stock worth $1,238,000 after purchasing an additional 38,070 shares during the last quarter. 38.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NRDS. KeyCorp cut their price objective on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays cut their price objective on NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Citigroup cut their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Truist Financial cut their price objective on NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

NerdWallet Trading Down 1.0%

Shares of NRDS stock traded down $0.10 during mid-day trading on Monday, reaching $10.32. The stock had a trading volume of 308,173 shares, compared to its average volume of 527,325. The firm has a market capitalization of $784.32 million, a PE ratio of 16.65 and a beta of 1.45. The stock's 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.30. NerdWallet, Inc. has a 52-week low of $7.55 and a 52-week high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $186.90 million during the quarter, compared to analyst estimates of $195.32 million. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. NerdWallet's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) earnings per share. NerdWallet has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast 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.