Trexquant Investment LP Has $1.11 Million Stock Position in NerdWallet, Inc. $NRDS

Key Points

• Trexquant Investment LP has reduced its holdings in NerdWallet by 64%, selling 218,542 shares and retaining 122,709 shares valued at approximately $1.11 million.
• NerdWallet reported earnings of $0.11 per share for the most recent quarter, meeting analysts' expectations, while its revenue increased by 24.1% year-over-year, although it fell short of forecasts.
• Institutional ownership of NerdWallet stands at 38.81%, with several firms increasing or establishing stakes, indicating significant interest among large investors.

Trexquant Investment LP trimmed its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 64.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,709 shares of the company's stock after selling 218,542 shares during the quarter. Trexquant Investment LP owned 0.17% of NerdWallet worth $1,111,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NRDS. Vanguard Group Inc. boosted its position in shares of NerdWallet by 1.8% during the first quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company's stock worth $35,290,000 after buying an additional 69,499 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $8,744,000 after purchasing an additional 57,735 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NerdWallet by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock worth $11,537,000 after acquiring an additional 64,366 shares during the last quarter. Millennium Management LLC increased its stake in shares of NerdWallet by 325.8% in the fourth quarter. Millennium Management LLC now owns 700,129 shares of the company's stock worth $9,312,000 after acquiring an additional 535,701 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of NerdWallet by 52.8% in the fourth quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company's stock worth $9,091,000 after acquiring an additional 236,320 shares during the last quarter. 38.81% of the stock is owned by institutional investors.

NerdWallet Stock Performance

Shares of NASDAQ NRDS traded up $0.30 during mid-day trading on Thursday, hitting $10.67. 166,201 shares of the stock were exchanged, compared to its average volume of 523,860. The company has a market cap of $810.54 million, a P/E ratio of 17.20 and a beta of 1.44. The stock's fifty day simple moving average is $10.54 and its two-hundred day simple moving average is $10.09. 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The company had revenue of $186.90 million during the quarter, compared to analyst estimates of $195.32 million. During the same quarter last year, the business posted ($0.12) earnings per share. The company's revenue was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NRDS shares. Truist Financial cut their price objective on NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Barclays reduced their target price on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NerdWallet has an average rating of "Moderate Buy" and an average 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.