Weiss Ratings Reaffirms "Hold (C)" Rating for NerdWallet (NASDAQ:NRDS)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for NerdWallet (NASDAQ: NRDS), indicating a neutral stance on the stock's performance.
• Analysts from Barclays and Truist Financial have reduced their price objectives for NerdWallet, setting them at $14.00 and $17.00 respectively, amidst a mixed rating environment with three "Buy" and three "Hold" ratings.
• NerdWallet's stock opened at $10.58 with a one-year low of $7.55 and a high of $16.45, while the company reported $186.90 million in revenue for the latest quarter, a 24.1% increase year-over-year.

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

Other research analysts have also recently issued research reports about the company. Barclays dropped their price objective on NerdWallet from $17.00 to $14.00 and set an "overweight" rating on the stock 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 on the stock in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.60.

NerdWallet Price Performance

Shares of NRDS stock opened at $10.58 on Wednesday. NerdWallet has a 1 year low of $7.55 and a 1 year high of $16.45. The stock's 50 day simple moving average is $10.58 and its two-hundred day simple moving average is $10.28. The company has a market cap of $804.08 million, a PE ratio of 17.06 and a beta of 1.44.

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 firm had revenue of $186.90 million for the quarter, compared to the consensus estimate of $195.32 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The company's revenue for the quarter was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. Equities research analysts expect that NerdWallet will post 0.36 EPS for the current year.

Insider Buying and Selling at NerdWallet

In other news, CAO Nicholas Tatum sold 4,272 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was 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 $731,895.20. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 46.54% of the stock is owned by insiders.

Institutional Trading of NerdWallet

Several large investors have recently added to or reduced their stakes in NRDS. Tower Research Capital LLC TRC grew its stake in NerdWallet by 37.1% during 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 last quarter. RHS Financial LLC purchased a new stake in NerdWallet during the 1st quarter worth approximately $100,000. EntryPoint Capital LLC purchased a new stake in NerdWallet during the 1st quarter worth approximately $114,000. Lazard Asset Management LLC purchased a new stake in NerdWallet during the 2nd quarter worth approximately $129,000. Finally, Magnetar Financial LLC purchased a new stake in NerdWallet during the 1st quarter worth approximately $130,000. 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.

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