NerdWallet (NASDAQ:NRDS) Issues Quarterly Earnings Results

Key Points

• NerdWallet reported earnings of $0.11 per share for the quarter, meeting analysts' expectations, with revenue of $186.90 million, which was below the forecasted $195.32 million.
• The company's revenue increased by 24.1% year-over-year, despite posting a loss of ($0.12) earnings per share in the same period last year.
• Several analysts have revised their price targets for NerdWallet, with Barclays lowering theirs from $17.00 to $14.00 and Citigroup from $14.00 to $11.00.

NerdWallet (NASDAQ:NRDS - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11, Zacks reports. NerdWallet had a net margin of 6.11% and a return on equity of 2.61%. 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 firm earned ($0.12) earnings per share. The company's quarterly revenue was up 24.1% on a year-over-year basis. NerdWallet updated its Q3 2025 guidance to EPS.

NerdWallet Stock Performance

Shares of NASDAQ NRDS traded down $1.90 during midday trading on Friday, reaching $9.18. The stock had a trading volume of 2,327,501 shares, compared to its average volume of 438,997. The stock has a 50-day moving average of $10.83 and a 200-day moving average of $10.65. The company has a market capitalization of $684.00 million, a price-to-earnings ratio of 14.81 and a beta of 1.45. NerdWallet has a 12-month low of $7.55 and a 12-month high of $16.45.

Institutional Trading of NerdWallet

A number of hedge funds and other institutional investors have recently modified their holdings of NRDS. Millennium Management LLC increased its stake in shares of NerdWallet by 23.9% in the first quarter. Millennium Management LLC now owns 867,113 shares of the company's stock worth $7,847,000 after purchasing an additional 166,984 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of NerdWallet by 80.6% in the first quarter. AQR Capital Management LLC now owns 40,432 shares of the company's stock worth $366,000 after purchasing an additional 18,047 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of NerdWallet in the second quarter worth $177,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NRDS shares. Barclays decreased their price target on shares of NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup decreased their price target on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, KeyCorp decreased their price target on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th.

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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