NerdWalletNRDS
NRDS
About: Nerdwallet Inc is a company that provides onsumer-driven advice about personal finance through its platform by connecting individuals and small and mid-sized businesses (SMBs) with providers of financial products. They get revenue from fees paid by its financial services partners in the form of either revenue per action, revenue per click, revenue per lead and revenue per funded loan arrangements.
Employees: 730
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
633% more call options, than puts
Call options by funds: $5.17M | Put options by funds: $706K
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
23% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 30
5% more funds holding
Funds holding: 107 [Q2] → 112 (+5) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
12.33% less ownership
Funds ownership: 69.24% [Q2] → 56.91% (-12.33%) [Q3]
27% less capital invested
Capital invested by funds: $466M [Q2] → $340M (-$126M) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
15%
upside
Avg. target
$17.33
33%
upside
High target
$20
54%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target | 15%upside $15 | Equal-Weight Maintained | 30 Oct 2024 |
Keybanc Justin Patterson 54% 1-year accuracy 37 / 69 met price target | 54%upside $20 | Overweight Maintained | 30 Oct 2024 |
Barclays Ross Sandler 73% 1-year accuracy 24 / 33 met price target | 31%upside $17 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
NerdWallet: Insurance Category Is Driving Hyper-Growth
Shares of NerdWallet have soared after the company posted much better than expected Q3 results. Revenue growth accelerated sharply to 25% y/y, driven by an uptick in consumers shopping around for new insurance plans. Still, we have to watch out for softer traffic trends, which the company expects to get worse heading into Q4.
Neutral
Seeking Alpha
1 month ago
NerdWallet, Inc. (NRDS) Q3 2024 Earnings Call Transcript
NerdWallet, Inc. (NASDAQ:NRDS ) Q3 2024 Earnings Conference Call October 29, 2024 4:30 PM ET Company Participants Caitlin MacNamee - Head of Investor Relations Tim Chen - Chief Executive Officer Lauren StClair - Chief Financial Officer Conference Call Participants Michael Infante - Morgan Stanley Justin Patterson - KeyBanc Capital Markets Inc. Peter Christiansen - Citigroup Inc. Ralph Schackart - William Blair & Company Jed Kelly - Oppenheimer & Co. Operator Thank you for standing by, and welcome to NerdWallet, Inc.'s Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
1 month ago
NerdWallet, Inc. (NRDS) Reports Break-Even Earnings for Q3
NerdWallet, Inc. (NRDS) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.01 per share a year ago.
Neutral
Business Wire
1 month ago
NerdWallet Reports Third Quarter 2024 Results
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet reports third quarter 2024 results.
Positive
Seeking Alpha
1 month ago
NerdWallet Is A High-Quality Business At An Inflection Point
NerdWallet, a founder-led business, is at an inflection point with revenue growth and profit margins expected to rise significantly. Despite traffic declines in 3Q, NerdWallet is gaining market share and traffic significantly recovered so far in October. Long-term street estimates are far too low, and the company is starting to significantly buyback stock.
Positive
Bloomberg Markets and Finance
2 months ago
Atomic Partners with Nerdwallet
Atomic and Nerdwallet are introducing a new type of cash account that lets individuals hold their funds in U.S. Treasury bills instead of traditional cash. Atomic CEO David Dinde joined Bloomberg Open Interest to talk about the new partnership.
Neutral
Business Wire
2 months ago
NerdWallet Announces Conference Call to Review 2024 Third Quarter Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet Announces Conference Call to Review 2024 Third Quarter Financial Results.
Positive
Seeking Alpha
2 months ago
NerdWallet: New Buybacks And Restructuring Plan Can Help Turn This Ship Around
After more than a 10% YTD slide, I'm giving NerdWallet a buy rating as it implements a new headcount restructuring intended to boost its margins. The company is experiencing strong user growth and expects revenue to re-accelerate, with Q3 guidance indicating a 15% y/y increase. NRDS stock trades at an attractive
Neutral
Business Wire
3 months ago
NerdWallet Announces New $50 Million Share Repurchase Program
SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet announces new $50 million share repurchase program.
Negative
Seeking Alpha
4 months ago
NerdWallet Q2 Earnings: Stock's Momentum Hit By Recurring EPS Misses
NerdWallet stock has declined abruptly following its earnings-per-share miss and a broad-based slump in high-beta assets. The company plans to cut its workforce to improve its bottom line, with a potential restructuring charge of $8-10 million. A decline in loan revenue and credit card exposure might linger due to rising credit risk and falling economic indicators.
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