Y Intercept Hong Kong Ltd Increases Position in NerdWallet, Inc. $NRDS

Y Intercept Hong Kong Ltd grew its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 65.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 124,268 shares of the company’s stock after buying an additional 49,058 shares during the period. Y Intercept Hong Kong Ltd owned 0.17% of NerdWallet worth $1,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NRDS. EntryPoint Capital LLC purchased a new stake in shares of NerdWallet in the first quarter valued at about $114,000. Magnetar Financial LLC purchased a new stake in shares of NerdWallet in the first quarter valued at about $130,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of NerdWallet by 57.5% in the first 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 last quarter. Corton Capital Inc. purchased a new stake in shares of NerdWallet in the first quarter valued at about $137,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NerdWallet in the second quarter valued at about $146,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

NerdWallet Stock Up 0.8%

NASDAQ NRDS opened at $11.67 on Monday. The stock has a market capitalization of $886.92 million, a P/E ratio of 18.82 and a beta of 1.45. NerdWallet, Inc. has a 52-week low of $7.55 and a 52-week high of $16.45. The firm has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.62.

NerdWallet (NASDAQ:NRDS) last posted its quarterly 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 firm had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same period in the prior year, the company posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. NerdWallet has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NerdWallet news, CAO Nicholas Tatum sold 4,272 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total transaction of $45,966.72. Following the transaction, the chief accounting officer directly owned 68,020 shares in the company, valued at approximately $731,895.20. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 45.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. Barclays cut their price target on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Truist Financial cut their price target on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating for the company in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NerdWallet has an average rating of “Moderate Buy” and an average price target of $13.60.

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.