PDT Partners LLC Has $1.36 Million Holdings in NerdWallet, Inc. $NRDS

Key Points

• PDT Partners LLC increased its holdings in NerdWallet, Inc. by 38.4% during the first quarter, now owning approximately 149,994 shares valued at about $1.36 million.
• The company reported $186.9 million in revenue for the last quarter, although this fell short of analysts' expectations of $195.32 million.
• Analysts have mixed sentiments about NerdWallet, with upgrades and a consensus price target of $13.60, as Barclays and Truist Financial have cut their price targets for the stock.

PDT Partners LLC boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 38.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,994 shares of the company's stock after acquiring an additional 41,615 shares during the quarter. PDT Partners LLC owned 0.20% of NerdWallet worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in NerdWallet by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company's stock worth $35,290,000 after acquiring an additional 69,499 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position 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. Dimensional Fund Advisors LP raised its stake in shares of NerdWallet by 8.0% during the 4th 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 in the last quarter. Millennium Management LLC raised its stake in shares of NerdWallet by 325.8% during the 4th quarter. Millennium Management LLC now owns 700,129 shares of the company's stock worth $9,312,000 after purchasing an additional 535,701 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of NerdWallet by 52.8% during the 4th quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company's stock worth $9,091,000 after purchasing an additional 236,320 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Performance

Shares of NRDS stock opened at $10.26 on Wednesday. The stock's 50 day simple moving average is $10.59 and its 200 day simple moving average is $10.16. 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 $779.76 million, a price-to-earnings ratio of 16.55 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. NerdWallet had a return on equity of 2.54% and a net margin of 6.11%.The business had revenue of $186.90 million for the quarter, compared to the consensus estimate of $195.32 million. During the same period last year, the business earned ($0.12) EPS. The firm's revenue was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. On average, analysts forecast that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NRDS. Barclays cut their price target on NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Truist Financial cut their price target on NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.

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