Ieq Capital LLC Makes New $1.49 Million Investment in NerdWallet, Inc. $NRDS

Key Points

• Ieq Capital LLC recently acquired 165,000 shares of NerdWallet, Inc., valued at approximately $1.49 million, increasing its ownership to 0.22% of the company.
• NerdWallet's recent earnings report showed a net revenue increase of 24.1% year-over-year, with earnings per share meeting analyst expectations.
• Analysts have revised their target prices for NerdWallet's stock, with most suggesting a "Moderate Buy" rating and an average price target of $13.60.

Ieq Capital LLC bought a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 165,000 shares of the company's stock, valued at approximately $1,493,000. Ieq Capital LLC owned about 0.22% of NerdWallet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRDS. Millennium Management LLC raised its position in NerdWallet by 325.8% during the fourth quarter. Millennium Management LLC now owns 700,129 shares of the company's stock worth $9,312,000 after acquiring an additional 535,701 shares during the last quarter. Nuveen LLC acquired a new position in shares of NerdWallet in the first quarter valued at approximately $3,661,000. Nuveen Asset Management LLC raised its position in shares of NerdWallet by 52.8% in the fourth quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company's stock valued at $9,091,000 after buying an additional 236,320 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of NerdWallet in the fourth quarter valued at approximately $2,367,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of NerdWallet by 330.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 225,310 shares of the company's stock valued at $2,997,000 after buying an additional 173,027 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company's stock.

NerdWallet Price Performance

NRDS stock traded up $0.39 on Friday, hitting $10.68. 730,244 shares of the company were exchanged, compared to its average volume of 556,775. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The business's fifty day moving average is $10.56 and its two-hundred day moving average is $10.08. The stock has a market capitalization of $811.68 million, a price-to-earnings ratio of 17.23 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.11 EPS 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 analyst estimates of $195.32 million. During the same quarter in the prior year, the business posted ($0.12) earnings per share. NerdWallet's revenue for the quarter was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. Equities research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NRDS. Barclays cut their price objective on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Truist Financial cut their price objective on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.60.

NerdWallet Company 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.