Vanguard Group Inc. Purchases 69,499 Shares of NerdWallet, Inc. $NRDS

Key Points

• Vanguard Group Inc. increased its holdings in NerdWallet, Inc. by 1.8%, owning approximately 5.26% of the company worth $35.29 million after acquiring an additional 69,499 shares.
• Several other institutional investors have also increased their stakes, with significant investments by Millennium Management LLC, which grew its holdings by 325.8% in the 4th quarter.
• Analysts have recently lowered their price targets for NerdWallet, with the average rating currently being a "Moderate Buy" and a reduced average price target of $13.60.

Vanguard Group Inc. lifted its position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,899,417 shares of the company's stock after purchasing an additional 69,499 shares during the period. Vanguard Group Inc. owned 5.26% of NerdWallet worth $35,290,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Corton Capital Inc. bought a new stake in shares of NerdWallet during the 1st quarter worth about $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NerdWallet by 57.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company's stock valued at $134,000 after purchasing an additional 5,389 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in NerdWallet in the 1st quarter valued at about $681,000. Bailard Inc. boosted its holdings in NerdWallet by 117.5% in the 1st quarter. Bailard Inc. now owns 26,100 shares of the company's stock valued at $236,000 after purchasing an additional 14,100 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in NerdWallet by 28.0% in the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company's stock valued at $231,000 after purchasing an additional 5,589 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NRDS shares. KeyCorp cut their price objective on shares of 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 target on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Truist Financial reduced their price target on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NerdWallet has an average rating of "Moderate Buy" and an average target price of $13.60.

NerdWallet Stock Performance

Shares of NASDAQ:NRDS traded down $0.12 during mid-day trading on Friday, reaching $10.34. 293,362 shares of the company's stock were exchanged, compared to its average volume of 601,115. The firm has a market capitalization of $785.84 million, a price-to-earnings ratio of 16.68 and a beta of 1.45. The business's fifty day moving average price is $10.62 and its 200-day moving average price is $10.21. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45.

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 analysts' consensus estimates of $0.11. The company had revenue of $186.90 million for 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 was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. NerdWallet has set its Q3 2025 guidance at EPS. Analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

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.