NerdWallet (NASDAQ:NRDS) Rating Increased to Hold at Zacks Research

Posted by Geri Gentry on Jun 4th, 2026

NerdWallet (NASDAQ:NRDS – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on NRDS. Oppenheimer dropped their price target on shares of NerdWallet from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Weiss Ratings cut shares of NerdWallet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Wall Street Zen cut shares of NerdWallet from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Truist Financial dropped their price target on shares of NerdWallet from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Citigroup dropped their price target on shares of NerdWallet from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.83.

View Our Latest Research Report on NRDS

NerdWallet Price Performance

Shares of NerdWallet stock opened at $8.02 on Tuesday. The stock has a market cap of $527.72 million, a price-to-earnings ratio of 8.62 and a beta of 1.25. The firm’s 50-day moving average is $9.72 and its 200 day moving average is $11.54. NerdWallet has a 1 year low of $7.33 and a 1 year high of $16.24.

NerdWallet (NASDAQ:NRDS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $222.20 million for the quarter, compared to analysts’ expectations of $227.63 million. NerdWallet had a net margin of 8.11% and a return on equity of 18.33%. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that NerdWallet will post 0.85 EPS for the current fiscal year.

Insider Activity at NerdWallet

In other news, insider Samuel Yount sold 71,988 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.32, for a total transaction of $742,916.16. Following the completion of the sale, the insider owned 173,973 shares of the company’s stock, valued at $1,795,401.36. This represents a 29.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 52.75% of the stock is owned by insiders.

Institutional Investors Weigh In On NerdWallet

Several hedge funds and other institutional investors have recently made changes to their positions in NRDS. OP Asset Management Ltd purchased a new stake in shares of NerdWallet during the 1st quarter valued at about $6,957,000. Millennium Management LLC increased its position in shares of NerdWallet by 1,231.3% during the 4th quarter. Millennium Management LLC now owns 538,421 shares of the company’s stock valued at $7,296,000 after purchasing an additional 497,978 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of NerdWallet by 32.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,808,988 shares of the company’s stock valued at $18,777,000 after purchasing an additional 444,038 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of NerdWallet during the 1st quarter valued at about $2,903,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NerdWallet during the 3rd quarter valued at about $2,812,000. Hedge funds and other institutional investors own 38.81% of the company’s stock.

NerdWallet Company Profile

(Get Free Report)

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.