Analysts Set NerdWallet, Inc. (NASDAQ:NRDS) Price Target at $13.60

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.60.

A number of research firms have recently commented on NRDS. Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a report on Saturday, September 27th. Truist Financial lowered their price target on NerdWallet from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Barclays dropped their price target on NerdWallet from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in shares of NerdWallet by 37.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after acquiring an additional 1,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NerdWallet by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,659 shares of the company’s stock valued at $249,000 after acquiring an additional 1,934 shares in the last quarter. JPMorgan Chase & Co. boosted its position in NerdWallet by 12.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,576 shares of the company’s stock worth $215,000 after purchasing an additional 2,161 shares during the period. The Manufacturers Life Insurance Company increased its holdings in NerdWallet by 22.8% in the 2nd 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 in the last quarter. Finally, Legal & General Group Plc increased its holdings in NerdWallet by 7.7% in the 2nd 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 in the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Price Performance

NRDS opened at $11.03 on Friday. NerdWallet has a 12 month low of $7.55 and a 12 month high of $16.45. The business has a 50-day moving average of $10.59 and a two-hundred day moving average of $10.27. The stock has a market capitalization of $838.28 million, a price-to-earnings ratio of 17.79 and a beta of 1.44.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 period last year, the company earned ($0.12) earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that NerdWallet will post 0.36 earnings per share for the current year.

NerdWallet Company 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.