Bailard Inc. Sells 3,800 Shares of NerdWallet, Inc. $NRDS

Bailard Inc. reduced its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,300 shares of the company’s stock after selling 3,800 shares during the quarter. Bailard Inc.’s holdings in NerdWallet were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NRDS. Geode Capital Management LLC grew its stake in shares of NerdWallet by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock worth $10,154,000 after acquiring an additional 81,986 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NerdWallet by 3.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company’s stock worth $10,926,000 after purchasing an additional 29,829 shares during the last quarter. Los Angeles Capital Management LLC grew its position in NerdWallet by 64.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 235,270 shares of the company’s stock worth $2,581,000 after purchasing an additional 92,487 shares in the last quarter. Corton Capital Inc. increased its stake in NerdWallet by 149.2% in the 2nd quarter. Corton Capital Inc. now owns 37,781 shares of the company’s stock valued at $414,000 after buying an additional 22,622 shares during the last quarter. Finally, Versor Investments LP lifted its position in shares of NerdWallet by 62.7% during the 2nd quarter. Versor Investments LP now owns 47,932 shares of the company’s stock worth $526,000 after buying an additional 18,463 shares in the last quarter. 38.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Nicholas Tatum sold 4,272 shares of the business’s 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 sale, the chief accounting officer owned 68,020 shares of the company’s stock, valued at $731,895.20. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 46.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NRDS. KeyCorp upped their target price on NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. Truist Financial raised their target price on NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Barclays lifted their target price on NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Zacks Research upgraded shares of NerdWallet from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, NerdWallet presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.40.

NerdWallet Price Performance

Shares of NASDAQ NRDS opened at $13.98 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 14.56 and a beta of 1.45. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $15.27. The business’s fifty day moving average price is $11.50 and its 200-day moving average price is $10.93.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $215.10 million during the quarter, compared to analyst estimates of $193.31 million. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The business’s revenue for the quarter was up 12.4% on a year-over-year basis. NerdWallet has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

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.