Versor Investments LP Has $526,000 Stock Holdings in NerdWallet, Inc. $NRDS

Versor Investments LP raised its position in NerdWallet, Inc. (NASDAQ:NRDS) by 62.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,932 shares of the company’s stock after buying an additional 18,463 shares during the quarter. Versor Investments LP’s holdings in NerdWallet were worth $526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of NerdWallet by 1.8% in the first quarter. Vanguard Group Inc. now owns 3,899,417 shares of the company’s stock valued at $35,290,000 after acquiring an additional 69,499 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NerdWallet by 6.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 966,203 shares of the company’s stock valued at $8,744,000 after acquiring an additional 57,735 shares in the last quarter. Millennium Management LLC grew its position in shares of NerdWallet by 23.9% during the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock worth $7,847,000 after purchasing an additional 166,984 shares in the last quarter. Nuveen LLC acquired a new position in shares of NerdWallet during the 1st quarter worth approximately $3,661,000. Finally, Deutsche Bank AG grew its position in shares of NerdWallet by 58.2% during the 1st quarter. Deutsche Bank AG now owns 210,385 shares of the company’s stock worth $1,904,000 after purchasing an additional 77,432 shares in the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Nicholas Tatum sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $10.76, for a total value of $45,966.72. Following the sale, the chief accounting officer directly owned 68,020 shares of the company’s stock, valued at $731,895.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 45.93% of the stock is owned by company insiders.

NerdWallet Price Performance

Shares of NRDS opened at $11.99 on Wednesday. The firm has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $10.67. The company has a market cap of $911.24 million, a P/E ratio of 19.34 and a beta of 1.45. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NRDS. Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a research report on Wednesday, October 8th. Truist Financial reduced their price target on NerdWallet from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Finally, Barclays reduced their target price on NerdWallet from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NerdWallet presently has a consensus 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.