Jacobs Levy Equity Management Inc. Has $4.48 Million Holdings in NerdWallet, Inc. $NRDS

Key Points

• Jacobs Levy Equity Management Inc. has reduced its stake in NerdWallet, Inc. by 13.1% in the first quarter, now owning 494,583 shares valued at approximately $4.48 million.
• Deutsche Bank AG significantly increased its stake in NerdWallet by 58.2%, currently holding 210,385 shares worth about $1.90 million.
• Analysts have placed a Moderate Buy consensus rating on NerdWallet, with a price target now set at $13.60 after recent adjustments from Truist Financial and Barclays.

Jacobs Levy Equity Management Inc. trimmed its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 494,583 shares of the company's stock after selling 74,523 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.67% of NerdWallet worth $4,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NRDS. Millennium Management LLC raised its holdings in shares of NerdWallet by 325.8% in the 4th quarter. Millennium Management LLC now owns 700,129 shares of the company's stock valued at $9,312,000 after purchasing an additional 535,701 shares during the period. Nuveen LLC bought a new stake in shares of NerdWallet in the 1st quarter valued at about $3,661,000. Nuveen Asset Management LLC raised its holdings in shares of NerdWallet by 52.8% in the 4th quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company's stock valued at $9,091,000 after purchasing an additional 236,320 shares during the period. BNP Paribas Financial Markets acquired a new position in NerdWallet in the 4th quarter valued at about $2,367,000. Finally, Ieq Capital LLC acquired a new position in NerdWallet in the 1st quarter valued at about $1,493,000. 38.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

NerdWallet Trading Down 1.4%

Shares of NASDAQ:NRDS traded down $0.15 on Friday, reaching $10.55. 451,585 shares of the company's stock were exchanged, compared to its average volume of 447,767. The company has a fifty day moving average of $10.52 and a 200-day moving average of $10.09. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The company has a market capitalization of $801.80 million, a price-to-earnings ratio of 17.02 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $195.32 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business's revenue was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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.