Wealth Enhancement Advisory Services LLC Takes $146,000 Position in NerdWallet, Inc. $NRDS

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,862 shares of the company’s stock, valued at approximately $146,000.

Several other institutional investors have also recently made changes to their positions in NRDS. Nuveen LLC acquired a new position in shares of NerdWallet during the first quarter valued at about $3,661,000. Millennium Management LLC raised its holdings in shares of NerdWallet by 23.9% in the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock worth $7,847,000 after acquiring an additional 166,984 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of NerdWallet in the 1st quarter worth about $1,493,000. Deutsche Bank AG raised its holdings in shares of NerdWallet by 58.2% in the 1st quarter. Deutsche Bank AG now owns 210,385 shares of the company’s stock worth $1,904,000 after acquiring an additional 77,432 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of NerdWallet in the 1st quarter worth about $681,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NRDS shares. Barclays lowered their target price on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Truist Financial lowered their target price on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

NerdWallet Stock Down 3.4%

NerdWallet stock opened at $10.29 on Friday. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The firm has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.31. The company has a market capitalization of $782.04 million, a P/E ratio of 16.60 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 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 the consensus estimate of $195.32 million. During the same period in the prior year, the firm earned ($0.12) EPS. The company’s revenue was up 24.1% compared to the same quarter last year. NerdWallet has set its Q3 2025 guidance at EPS. Equities analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Nicholas Tatum sold 4,272 shares of NerdWallet stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 68,020 shares in the company, valued at approximately $731,895.20. The trade was a 5.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 46.54% 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.