NerdWallet (NASDAQ:NRDS) Shares Gap Up Following Earnings Beat

by · The Cerbat Gem

NerdWallet, Inc. (NASDAQ:NRDS – Get Free Report)’s stock price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $11.98, but opened at $13.50. NerdWallet shares last traded at $12.9770, with a volume of 178,312 shares.

The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.11% and a return on equity of 2.54%. NerdWallet’s quarterly revenue was up 12.4% compared to the same quarter last year. NerdWallet has set its Q4 2025 guidance at EPS.

Analysts Set New Price Targets

A number of brokerages have recently commented on NRDS. Truist Financial dropped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a report on Wednesday, October 8th. Finally, Barclays cut their price target on NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Three research 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 price target of $13.60.

Read Our Latest Stock Analysis on NRDS

Insider Transactions at NerdWallet

In other NerdWallet news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $10.76, for a total transaction of $45,966.72. Following the completion of the transaction, the chief accounting officer owned 68,020 shares in the company, valued at $731,895.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 46.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NerdWallet

Several institutional investors have recently made changes to their positions in NRDS. Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 1,054 shares during the last quarter. EntryPoint Capital LLC bought a new position in NerdWallet in the first quarter worth approximately $114,000. Olympiad Research LP purchased a new position in NerdWallet during the 3rd quarter worth $119,000. Lazard Asset Management LLC purchased a new position in NerdWallet during the 2nd quarter worth $129,000. Finally, Magnetar Financial LLC bought a new stake in NerdWallet during the 1st quarter valued at $130,000. Institutional investors own 38.81% of the company’s stock.

NerdWallet Trading Up 10.4%

The firm has a market cap of $1.00 billion, a P/E ratio of 21.62 and a beta of 1.45. The business has a 50-day moving average price of $11.03 and a 200-day moving average price of $10.69.

NerdWallet Company Profile

(Get Free Report)

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.

Recommended Stories