What Happened?
Shares of financial guidance platform NerdWallet (NASDAQ: NRDS) jumped 3.3% in the afternoon session after the stock hit a 52-week high, continuing positive momentum from a recent strong earnings report that surpassed expectations.
The company's stock reached a notable milestone of $15.34. This performance was part of a positive trend for the company, which had seen a significant gain over the previous six months. The momentum followed NerdWallet's third-quarter 2025 financial results. In that report, the company announced earnings per share of $0.34, well above analysts' forecasts of $0.20, and revenue of $215.1 million, which beat the anticipated $193.31 million. In response to the strong results, several financial firms raised their price targets on the stock, including Truist Securities, which increased its target to $19 while keeping a "buy" rating.
After the initial pop the shares cooled down to $15.92, up 3.3% from previous close.
Is now the time to buy NerdWallet? Access our full analysis report here.
What Is The Market Telling Us
NerdWallet’s shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 11 days ago when the stock gained 5.1% on the news that investors grew more optimistic about a potential Federal Reserve interest rate cut in December.
The positive sentiment was fueled by comments from New York Fed President John Williams, a voting member of the rate-setting Federal Open Market Committee, who stated the central bank could cut rates "in the near term" without jeopardizing its inflation targets. Following his remarks, market expectations for a rate cut in December shifted significantly. According to the CME FedWatch Tool, the probability of a December rate reduction surged from a 37% chance earlier in the day to 70%. While lower rates can compress bank profit margins, investors often view them as a catalyst for broader economic activity, potentially boosting loan demand and reducing the risk of defaults.
NerdWallet is up 17.9% since the beginning of the year, and at $15.92 per share, has set a new 52-week high. Investors who bought $1,000 worth of NerdWallet’s shares at the IPO in November 2021 would now be looking at an investment worth $562.54.
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