Nuveen LLC Makes New $3.66 Million Investment in NerdWallet, Inc. $NRDS

Key Points

• Nuveen LLC has acquired a new stake in NerdWallet, Inc. by purchasing 404,478 shares valued at approximately $3.66 million, representing about 0.55% of the company.
• Analysts have set new price targets for NerdWallet, with KeyCorp and Truist Financial lowering their targets to $14.00 and $17.00, respectively, while maintaining ratings of "overweight" and "buy".
• NerdWallet reported earnings that met analysts' expectations, with $0.11 earnings per share for the last quarter, alongside a 24.1% year-over-year revenue growth.

Nuveen LLC bought a new position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 404,478 shares of the company's stock, valued at approximately $3,661,000. Nuveen LLC owned about 0.55% of NerdWallet as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Invesco Ltd. increased its position in shares of NerdWallet by 44.0% during the 1st quarter. Invesco Ltd. now owns 46,803 shares of the company's stock valued at $424,000 after purchasing an additional 14,291 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in NerdWallet by 6.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company's stock worth $8,744,000 after acquiring an additional 57,735 shares during the period. Deutsche Bank AG grew its holdings in NerdWallet by 58.2% during the 1st quarter. Deutsche Bank AG now owns 210,385 shares of the company's stock valued at $1,904,000 after buying an additional 77,432 shares in the last quarter. Vanguard Group Inc. grew its holdings in NerdWallet by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company's stock valued at $35,290,000 after buying an additional 69,499 shares in the last quarter. Finally, Corton Capital Inc. purchased a new stake in NerdWallet during the 1st quarter valued at approximately $137,000. Hedge funds and other institutional investors own 38.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NRDS shares. Barclays cut their target price 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. KeyCorp cut their target price 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. Finally, Truist Financial cut their target price on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

NerdWallet Stock Down 1.1%

Shares of NRDS stock traded down $0.12 on Monday, hitting $10.34. The stock had a trading volume of 293,362 shares, compared to its average volume of 580,834. The business has a 50 day moving average price of $10.62 and a 200 day moving average price of $10.18. The company has a market cap of $785.84 million, a PE ratio of 16.68 and a beta of 1.44. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $186.90 million during the quarter, compared to the consensus estimate of $195.32 million. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The firm's revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. NerdWallet has set its Q3 2025 guidance at EPS. Equities research analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current 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.