Swiss National Bank Cuts Position in NerdWallet, Inc. $NRDS

Swiss National Bank lessened its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,800 shares of the company’s stock after selling 9,800 shares during the period. Swiss National Bank owned approximately 0.09% of NerdWallet worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MetLife Investment Management LLC boosted its stake in shares of NerdWallet by 12.4% in the 4th quarter. MetLife Investment Management LLC now owns 24,537 shares of the company’s stock worth $326,000 after buying an additional 2,705 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of NerdWallet by 34.7% in the 4th quarter. Wells Fargo & Company MN now owns 16,394 shares of the company’s stock worth $218,000 after buying an additional 4,225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NerdWallet by 57.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company’s stock worth $134,000 after buying an additional 5,389 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of NerdWallet by 28.0% in the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company’s stock worth $231,000 after buying an additional 5,589 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of NerdWallet by 3,417.4% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock worth $140,000 after buying an additional 10,218 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

NerdWallet Trading Down 0.6%

NerdWallet stock opened at $10.26 on Wednesday. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The business’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $10.28. The company has a market cap of $779.76 million, a price-to-earnings ratio of 16.55 and a beta of 1.45.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. The business had revenue of $186.90 million for the quarter, compared to analysts’ expectations of $195.32 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial cut their target price on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. KeyCorp dropped their price objective on NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. 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. Finally, Citigroup dropped their price objective on NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

NerdWallet 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.