Magnetar Financial LLC Buys 8,986 Shares of NerdWallet, Inc. $NRDS

Magnetar Financial LLC lifted its position in NerdWallet, Inc. (NASDAQ:NRDS) by 62.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 23,329 shares of the company’s stock after acquiring an additional 8,986 shares during the quarter. Magnetar Financial LLC’s holdings in NerdWallet were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its holdings in NerdWallet by 103.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 103,667 shares of the company’s stock valued at $1,137,000 after buying an additional 52,695 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of NerdWallet by 25.6% in the second quarter. Intech Investment Management LLC now owns 26,416 shares of the company’s stock valued at $290,000 after purchasing an additional 5,378 shares in the last quarter. Creative Planning bought a new stake in NerdWallet in the second quarter worth $177,000. Geode Capital Management LLC raised its stake in NerdWallet by 9.7% during the second quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock valued at $10,154,000 after purchasing an additional 81,986 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $10,926,000 after purchasing an additional 29,829 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Truist Financial boosted their price objective on NerdWallet from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Morgan Stanley raised their price objective on NerdWallet from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. KeyCorp lifted their target price on NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.40.

Insider Buying and Selling at NerdWallet

In related news, CAO Nicholas Tatum sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total value of $45,966.72. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Samuel Yount sold 5,040 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $14.28, for a total transaction of $71,971.20. Following the completion of the sale, the insider directly owned 384,061 shares of the company’s stock, valued at approximately $5,484,391.08. This trade represents a 1.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,962 shares of company stock valued at $299,292. Corporate insiders own 46.54% of the company’s stock.

NerdWallet Price Performance

Shares of NASDAQ NRDS opened at $15.06 on Thursday. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $15.27. The firm has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $11.17. The company has a market cap of $1.10 billion, a P/E ratio of 15.69 and a beta of 1.45.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results 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. NerdWallet had a return on equity of 9.27% and a net margin of 9.22%.The firm had revenue of $215.10 million for the quarter, compared to the consensus estimate of $193.31 million. NerdWallet’s revenue was up 12.4% on a year-over-year basis. NerdWallet has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current 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.