NerdWallet (NASDAQ:NRDS) Releases 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) issued its quarterly earnings data on Thursday. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11, Zacks reports. NerdWallet had a return on equity of 2.54% and a net margin of 6.11%. The firm had revenue of $186.90 million during the quarter, compared to analyst estimates of $195.32 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business's revenue for the quarter was up 24.1% compared to the same quarter last year. NerdWallet updated its Q3 2025 guidance to EPS.

NerdWallet Trading Up 4.3%

Shares of NRDS stock traded up $0.42 during mid-day trading on Wednesday, reaching $10.25. The stock had a trading volume of 233,431 shares, compared to its average volume of 528,955. The business's fifty day moving average is $10.79 and its 200-day moving average is $10.57. The firm has a market cap of $764.03 million, a price-to-earnings ratio of 16.58 and a beta of 1.45. NerdWallet has a 1-year low of $7.55 and a 1-year high of $16.45.

Analysts Set New Price Targets

Several analysts have recently commented on NRDS shares. Citigroup decreased their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Truist Financial decreased their price objective on NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a report on Monday. KeyCorp lowered their price target on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Barclays cut their price objective on NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.60.

Hedge Funds Weigh In On NerdWallet

A number of institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new position in shares of NerdWallet during the 2nd quarter valued at about $177,000. JPMorgan Chase & Co. raised its stake in shares of NerdWallet by 12.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company's stock valued at $215,000 after buying an additional 2,161 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of NerdWallet by 80.6% during the 1st quarter. AQR Capital Management LLC now owns 40,432 shares of the company's stock valued at $366,000 after buying an additional 18,047 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of NerdWallet by 18.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 44,755 shares of the company's stock valued at $491,000 after buying an additional 7,077 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NerdWallet by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 45,986 shares of the company's stock valued at $504,000 after buying an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

About NerdWallet

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.