NerdWallet's (NRDS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• NerdWallet's stock has been reaffirmed with a "hold (c)" rating by Weiss Ratings, amidst mixed opinions from other analysts.
• The company reports a net margin of 6.11% and a revenue increase of 24.1% year-over-year for the last quarter, although it fell short of consensus revenue estimates.
• Insider trading activity has been noted, with the CAO selling shares, leading to a 5.91% decrease in their position, while institutional investors own 38.81% of the stock.

NerdWallet (NASDAQ:NRDS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

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

NerdWallet Stock Performance

NASDAQ:NRDS opened at $11.82 on Friday. The company has a market capitalization of $898.32 million, a PE ratio of 19.06 and a beta of 1.44. The company has a 50 day simple moving average of $10.74 and a two-hundred day simple moving average of $10.48. NerdWallet has a fifty-two week low of $7.55 and a fifty-two week high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $186.90 million during the quarter, compared to the consensus estimate of $195.32 million. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) EPS. NerdWallet has set its Q3 2025 guidance at EPS. Research analysts predict that NerdWallet will post 0.36 EPS for the current year.

Insider Transactions at NerdWallet

In related news, CAO Nicholas Tatum sold 4,272 shares of NerdWallet stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total value of $45,966.72. Following the completion of the sale, the chief accounting officer owned 68,020 shares of the company's stock, valued at approximately $731,895.20. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 46.54% of the company's stock.

Institutional Trading of NerdWallet

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in NerdWallet by 37.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company's stock valued at $43,000 after purchasing an additional 1,054 shares during the period. Lazard Asset Management LLC acquired a new stake in NerdWallet in the 2nd quarter valued at $129,000. Occudo Quantitative Strategies LP acquired a new stake in NerdWallet in the 2nd quarter valued at $131,000. EntryPoint Capital LLC acquired a new stake in NerdWallet in the 1st quarter valued at $114,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in NerdWallet in the 2nd quarter valued at $146,000. Institutional investors and hedge funds 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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