NerdWallet, Inc. (NASDAQ:NRDS) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• NerdWallet, Inc. (NASDAQ: NRDS) has an average rating of “Moderate Buy” from six brokerages, with a price target of $13.60.
• The company reported a 24.1% increase in revenue year-over-year, with earnings per share hitting $0.11, matching analyst expectations.
• Institutional investors hold 38.81% of NerdWallet’s stock, with Vanguard and Millennium Management significantly increasing their stakes recently.

Shares of NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

A number of research analysts have issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of NerdWallet in a report on Saturday, September 27th. Truist Financial reduced 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. Finally, Barclays reduced their price objective 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.

Institutional Investors Weigh In On NerdWallet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 69,499 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in NerdWallet by 3.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company's stock valued at $10,926,000 after purchasing an additional 29,829 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NerdWallet by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 925,503 shares of the company's stock worth $10,154,000 after purchasing an additional 81,986 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in NerdWallet by 1.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 899,099 shares of the company's stock worth $9,863,000 after purchasing an additional 11,310 shares during the period. Finally, Millennium Management LLC grew its position in NerdWallet by 23.9% during the first 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. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Stock Performance

NRDS traded up $0.10 on Friday, hitting $11.03. The company had a trading volume of 448,214 shares, compared to its average volume of 559,365. The stock has a market capitalization of $838.28 million, a price-to-earnings ratio of 17.79 and a beta of 1.44. The stock has a fifty day moving average price of $10.59 and a 200-day moving average price of $10.25. NerdWallet has a 12-month low of $7.55 and a 12-month high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 2.54% and a net margin of 6.11%.The business had revenue of $186.90 million during the quarter, compared to the consensus estimate of $195.32 million. During the same quarter last year, the company earned ($0.12) earnings per share. The company's quarterly revenue was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. Analysts forecast that NerdWallet will post 0.36 EPS for the current fiscal 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.

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