NerdWallet, Inc. $NRDS Shares Sold by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC decreased its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 68.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,854 shares of the company’s stock after selling 79,396 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in NerdWallet were worth $404,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NRDS. Intech Investment Management LLC boosted its holdings in shares of NerdWallet by 25.6% in the 2nd quarter. Intech Investment Management LLC now owns 26,416 shares of the company’s stock valued at $290,000 after buying an additional 5,378 shares in the last quarter. Creative Planning purchased a new stake in NerdWallet in the second quarter valued at $177,000. Geode Capital Management LLC boosted its stake in NerdWallet by 9.7% in the second quarter. Geode Capital Management LLC now owns 925,503 shares of the company’s stock valued at $10,154,000 after acquiring an additional 81,986 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of NerdWallet by 3.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 996,032 shares of the company’s stock worth $10,926,000 after purchasing an additional 29,829 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of NerdWallet by 64.8% during the second quarter. Los Angeles Capital Management LLC now owns 235,270 shares of the company’s stock worth $2,581,000 after purchasing an additional 92,487 shares in the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRDS. Truist Financial upped their target price on NerdWallet from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, November 10th. KeyCorp increased their price objective on NerdWallet from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Zacks Research raised shares of NerdWallet from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Morgan Stanley upped their price target on shares of NerdWallet from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a research note 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.40.

NerdWallet Stock Performance

NRDS stock opened at $13.98 on Monday. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $15.27. The stock has a market capitalization of $1.02 billion, a PE ratio of 14.56 and a beta of 1.45. The company has a fifty day moving average of $11.50 and a 200-day moving average of $10.94.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $215.10 million for the quarter, compared to analyst estimates of $193.31 million. NerdWallet had a net margin of 9.22% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. NerdWallet has set its Q4 2025 guidance at EPS. Equities analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at NerdWallet

In other news, CAO Nicholas Tatum sold 4,272 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 directly owned 68,020 shares of the company’s stock, valued at approximately $731,895.20. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 46.54% of the company’s stock.

NerdWallet Company 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.