NerdWallet (NASDAQ:NRDS) CAO Nicholas Tatum Sells 4,272 Shares of Stock

NerdWallet, Inc. (NASDAQ:NRDS) CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total transaction 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. This trade represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NerdWallet Trading Down 0.7%

Shares of NerdWallet stock opened at $10.95 on Tuesday. The stock has a market capitalization of $832.20 million, a price-to-earnings ratio of 17.66 and a beta of 1.44. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The firm’s 50-day moving average price is $10.59 and its two-hundred day moving average price is $10.28.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $195.32 million. NerdWallet had a net margin of 6.11% and a return on equity of 2.54%. NerdWallet’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. NerdWallet has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current year.

Hedge Funds Weigh In On NerdWallet

Several hedge funds have recently added to or reduced their stakes in NRDS. State of Wyoming raised its holdings in NerdWallet by 181.9% during the 2nd quarter. State of Wyoming now owns 65,784 shares of the company’s stock worth $722,000 after purchasing an additional 42,447 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of NerdWallet by 37.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,893 shares of the company’s stock worth $43,000 after buying an additional 1,054 shares during the period. Lazard Asset Management LLC bought a new stake in shares of NerdWallet during the second quarter worth approximately $129,000. BNP Paribas Financial Markets lifted its holdings in NerdWallet by 126.3% in the second quarter. BNP Paribas Financial Markets now owns 87,832 shares of the company’s stock valued at $964,000 after buying an additional 49,016 shares during the period. Finally, Bank of America Corp DE lifted its holdings in NerdWallet by 57.2% in the second quarter. Bank of America Corp DE now owns 131,778 shares of the company’s stock valued at $1,446,000 after buying an additional 47,946 shares during the period. Institutional investors own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NRDS. Truist Financial decreased their target price on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Barclays reduced their price target on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NerdWallet in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price 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.