Trexquant Investment LP Trims 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 reduced its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 64.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 122,709 shares of the company's stock after selling 218,542 shares during the period. Trexquant Investment LP owned 0.17% of NerdWallet worth $1,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NRDS. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock valued at $11,537,000 after purchasing an additional 64,366 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of NerdWallet in the 4th quarter worth approximately $2,367,000. Cubist Systematic Strategies LLC grew its holdings in shares of NerdWallet by 330.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 225,310 shares of the company's stock worth $2,997,000 after acquiring an additional 173,027 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of NerdWallet by 18.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 378,091 shares of the company's stock worth $5,029,000 after acquiring an additional 59,811 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of NerdWallet by 526.8% in the 4th quarter. Deutsche Bank AG now owns 132,953 shares of the company's stock worth $1,768,000 after acquiring an additional 111,743 shares during the period. 38.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NRDS. Truist Financial lowered their price target on 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 NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NerdWallet currently has a consensus rating of "Moderate Buy" and an average price target of $13.60.

NerdWallet Stock Performance

NRDS stock traded down $0.15 on Friday, reaching $10.55. The company had a trading volume of 451,585 shares, compared to its average volume of 453,621. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45. The company's fifty day moving average is $10.52 and its 200 day moving average is $10.09. The company has a market cap of $801.80 million, a P/E ratio of 17.02 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) 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 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 company earned ($0.12) EPS. NerdWallet's revenue was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict 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.