JT Stratford LLC Buys Shares of 17,694 NerdWallet, Inc. $NRDS

JT Stratford LLC bought a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) in the first quarter, Holdings Channel.com reports. The firm bought 17,694 shares of the company’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company’s stock valued at $11,537,000 after purchasing an additional 64,366 shares during the period. Vontobel Holding Ltd. boosted its stake in NerdWallet by 28.0% during the 1st quarter. Vontobel Holding Ltd. now owns 25,549 shares of the company’s stock valued at $231,000 after purchasing an additional 5,589 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in NerdWallet during the 1st quarter valued at about $681,000. Jefferies Financial Group Inc. acquired a new position in NerdWallet during the 4th quarter valued at about $901,000. Finally, Russell Investments Group Ltd. boosted its stake in NerdWallet by 50.8% during the 4th quarter. Russell Investments Group Ltd. now owns 44,073 shares of the company’s stock valued at $586,000 after purchasing an additional 14,850 shares during the period. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Trading Up 0.2%

Shares of NASDAQ:NRDS opened at $10.00 on Thursday. The company has a 50 day moving average of $10.69 and a 200-day moving average of $10.41. The firm has a market cap of $760 million, a P/E ratio of 16.13 and a beta of 1.45. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45.

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

Wall Street Analysts Forecast Growth

NRDS has been the subject of a number of analyst reports. Truist Financial reduced their target price on shares of NerdWallet from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Citigroup reduced their target price on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Barclays reduced their price target on shares of NerdWallet from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, KeyCorp reduced their price target on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

NerdWallet Profile

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.