NerdWallet (NASDAQ:NRDS) Shares Gap Up - Here's What Happened

Key Points

• NerdWallet's stock price opened at $10.98 after closing at $10.55, with a current trading volume of 85,770 shares.
• Analysts have a mixed outlook, with Barclays reducing their price target from $17.00 to $14.00 while Truist Financial lowered theirs from $19.00 to $17.00, indicating a general consensus for a "Moderate Buy" rating.
• The company's quarterly revenue increased by 24.1% year-over-year, reporting $186.90 million but falling short of the consensus estimate of $195.32 million.

NerdWallet, Inc. (NASDAQ:NRDS - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.55, but opened at $10.98. NerdWallet shares last traded at $11.20, with a volume of 85,770 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays dropped their price objective on NerdWallet from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Truist Financial dropped their price objective on NerdWallet from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.60.

NerdWallet Stock Up 3.9%

The firm has a fifty day moving average price of $10.52 and a two-hundred day moving average price of $10.09. The stock has a market capitalization of $832.96 million, a P/E ratio of 17.69 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $186.90 million during the quarter, compared to the consensus estimate of $195.32 million. NerdWallet had a return on equity of 2.54% and a net margin of 6.11%.NerdWallet's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. NerdWallet has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of NerdWallet

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company's stock worth $43,000 after buying an additional 1,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NerdWallet by 9.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company's stock worth $249,000 after acquiring an additional 1,934 shares during the period. JPMorgan Chase & Co. grew its holdings in NerdWallet by 12.4% in the second quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company's stock valued at $215,000 after purchasing an additional 2,161 shares during the period. The Manufacturers Life Insurance Company grew its holdings in NerdWallet by 22.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company's stock valued at $170,000 after purchasing an additional 2,877 shares during the period. Finally, Legal & General Group Plc grew its holdings in NerdWallet by 7.7% in the second quarter. Legal & General Group Plc now owns 45,986 shares of the company's stock valued at $504,000 after purchasing an additional 3,300 shares during the period. 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.

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