Strs Ohio Takes $284,000 Position in NerdWallet, Inc. $NRDS

Key Points

• Strs Ohio has acquired a new stake in NerdWallet, Inc., purchasing 31,400 shares valued at approximately $284,000 during the first quarter.
• A significant portion of NerdWallet's stock, about 38.81%, is now owned by institutional investors, with notable increases in holdings from companies like Vanguard Group and Millennium Management.
• Analysts maintain a consensus rating of "Moderate Buy" for NerdWallet, with price targets ranging from $14.00 to $19.00 as they adjust expectations following recent earnings results.

Strs Ohio bought a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,400 shares of the company's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of NerdWallet by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company's stock valued at $35,290,000 after purchasing an additional 69,499 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NerdWallet by 6.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company's stock valued at $8,744,000 after acquiring an additional 57,735 shares during the period. Millennium Management LLC raised its holdings in NerdWallet by 23.9% in the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company's stock valued at $7,847,000 after acquiring an additional 166,984 shares during the period. Nuveen Asset Management LLC raised its holdings in 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 acquiring an additional 236,320 shares during the period. Finally, Nuveen LLC bought a new position in NerdWallet in the 1st quarter valued at about $3,661,000. 38.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial lowered their price target on shares of NerdWallet from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Barclays lowered their price target on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a report 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 has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

NerdWallet Price Performance

Shares of NerdWallet stock opened at $10.92 on Wednesday. The company's 50 day moving average price is $10.55 and its two-hundred day moving average price is $10.15. The firm has a market capitalization of $829.92 million, a P/E ratio of 17.61 and a beta of 1.44. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45.

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

NerdWallet 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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