Charles Schwab Investment Management Inc. Sells 3,724 Shares of NerdWallet, Inc. $NRDS

Charles Schwab Investment Management Inc. cut its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,240 shares of the company’s stock after selling 3,724 shares during the period. Charles Schwab Investment Management Inc. owned about 0.40% of NerdWallet worth $2,672,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. MetLife Investment Management LLC increased its holdings 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 position in NerdWallet by 34.7% in the 4th quarter. Wells Fargo & Company MN now owns 16,394 shares of the company’s stock valued at $218,000 after buying an additional 4,225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in NerdWallet by 57.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company’s stock valued at $134,000 after buying an additional 5,389 shares during the period. Vontobel Holding Ltd. boosted its position in NerdWallet by 28.0% in the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company’s stock valued at $231,000 after buying an additional 5,589 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position 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 purchasing an additional 10,218 shares during the period. 38.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Truist Financial cut their price target on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Finally, KeyCorp cut their price objective on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.60.

NerdWallet Stock Performance

Shares of NRDS stock opened at $10.34 on Friday. The stock has a market capitalization of $785.84 million, a P/E ratio of 16.68 and a beta of 1.45. The company has a 50 day moving average price of $10.62 and a 200 day moving average price of $10.21. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share 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 firm had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same quarter in the previous year, the business posted ($0.12) earnings per share. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. On average, research analysts forecast that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

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.