Quinn Opportunity Partners LLC Lowers Stock Position in NerdWallet, Inc. $NRDS

Quinn Opportunity Partners LLC decreased its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,104,182 shares of the company’s stock after selling 50,187 shares during the period. NerdWallet comprises approximately 1.0% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Quinn Opportunity Partners LLC owned about 1.48% of NerdWallet worth $12,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NRDS. EntryPoint Capital LLC purchased a new position in shares of NerdWallet in the 1st quarter worth approximately $114,000. Magnetar Financial LLC acquired a new position in shares of NerdWallet in the 1st quarter valued at $130,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of NerdWallet by 57.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,769 shares of the company’s stock worth $134,000 after acquiring an additional 5,389 shares during the period. Corton Capital Inc. purchased a new position in NerdWallet during the first quarter worth approximately $137,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NerdWallet in the second quarter worth approximately $146,000. Institutional investors own 38.81% of the company’s stock.

Insider Buying and Selling at NerdWallet

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NRDS. KeyCorp raised their price objective on NerdWallet from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Morgan Stanley upped their price target on NerdWallet from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday. Truist Financial raised their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday. Barclays boosted their price objective on shares of NerdWallet from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NerdWallet in a research note on Wednesday, October 8th. One research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.40.

NerdWallet Stock Performance

Shares of NRDS opened at $14.50 on Wednesday. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $15.65. The firm has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $10.83. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 15.10 and a beta of 1.45.

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

About NerdWallet

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.