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NerdWallet, Inc. - NRDS STOCK NEWS

Welcome to our dedicated page for NerdWallet news (Ticker: NRDS), a resource for investors and traders seeking the latest updates and insights on NerdWallet stock.

NerdWallet, Inc. (Symbol: NRDS) is a dynamic company dedicated to simplifying financial decisions for consumers and small businesses. Headquartered in San Francisco, NerdWallet provides a comprehensive range of resources to help users navigate financial complexities. Whether you're looking to optimize your credit card usage, find the best bank accounts, secure a mortgage, choose insurance, or manage loans and medical expenses, NerdWallet offers free, accessible tools, research, and expert advice.

Founded on the principle that financial choices should be clear and straightforward, NerdWallet has become a trusted name in personal finance. The company collaborates with various financial service providers and earns revenue through diverse models including revenue per action, click, lead, and funded loan arrangements.

With over 200 dedicated employees, affectionately referred to as “nerds,” NerdWallet is backed by substantial capital from prominent investors like IVP, RRE Ventures, iGlobe Partners, and Silicon Valley Bank. This financial strength enables NerdWallet to innovate continuously and expand its offerings.

Recognized as one of the best places to work by the Bay Area News Group, NerdWallet offers an exceptional benefits package, flexible vacation policies, and unique perks such as catered meals and a dog-friendly office. The company also emphasizes community engagement, providing employees with dedicated time for volunteering.

NerdWallet is on a robust growth trajectory, attracting top talent from industry leaders including Box, JPMorgan, LinkedIn, Trulia, Visa, and Zynga. For those interested in joining a pioneering team in the personal finance industry, NerdWallet presents exciting opportunities for career advancement.

  • Recent Achievements: Expansion of tools and services to cover a wider range of financial decisions.
  • Current Projects: Enhancements to the user interface and development of new financial planning tools.
  • Partnerships: Collaborations with top financial institutions to offer exclusive deals and services to users.
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NerdWallet (NASDAQ: NRDS) will participate in the Barclays Global Financial Services Conference on September 12, 2022. CEO Tim Chen is set to engage in a fireside chat at 2:00 p.m. Eastern Time. The event will be accessible through a live audio webcast on NerdWallet’s investor relations site, followed by a replay available for at least 90 days.

NerdWallet aims to assist consumers and small businesses with financial decisions, providing expert content and tools for managing finances effectively.

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NerdWallet reported Q2 2022 revenue of $125.2 million, an increase of 37% year-over-year, despite a GAAP net loss of $9.3 million or $0.14 per diluted share. Adjusted EBITDA was reported at $12.7 million. Credit card revenue surged 82% to $54.6 million, while loans revenue declined 26% to $24.0 million. Other verticals, including SMB products and banking, experienced a 58% rise to $46.6 million. The company maintained 20 million average monthly unique users, up 2% year-over-year.

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NerdWallet (NASDAQ: NRDS) will release its second quarter 2022 financial results on Thursday, August 4, 2022, followed by a conference call at 2:00 p.m. Pacific Time. The call can be accessed via a registration link available on NerdWallet’s Investor Relations site, where a shareholder letter will also be posted. A replay of the webcast will be accessible for 12 months.

NerdWallet is dedicated to helping consumers with financial decisions through its platform, providing extensive resources in the U.S., UK, and Canada.

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NerdWallet, Inc. (NASDAQ: NRDS) announced that Chief Marketing Officer Kelly Gillease will step down on October 1, 2022. Post-departure, marketing divisions will report to CEO Tim Chen and CPO John Caine, among others. This restructuring aims to enhance brand awareness and align marketing with key initiatives. Chen commended Gillease for her contributions, citing improvements in organic marketing and team development. Gillease will assist as a consultant during the transition. The press release also includes a cautionary note regarding forward-looking statements.

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NerdWallet, Inc. (NASDAQ: NRDS) has completed its acquisition of On the Barrelhead, Inc. for $120 million, consisting of $70 million in cash and $50 million in stock. The acquisition aims to enhance NerdWallet's financial guidance platform by integrating On the Barrelhead's data-driven product recommendations. Management from On the Barrelhead will receive $15 million in cash and equity as retention bonuses, with significant RSUs granted to new employees. The integration is designed to create synergy and improve financial outcomes for consumers and SMBs.

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NerdWallet (NASDAQ: NRDS) announced its acquisition of On the Barrelhead, a platform offering credit-driven product recommendations, for approximately $120 million. The deal comprises $70 million in cash and $50 million in NerdWallet stock, based on a share price of $10.37. This strategic move is expected to enhance NerdWallet’s technology and data capabilities, aiming for greater personalized financial guidance for consumers and SMBs. With On the Barrelhead generating $38 million in revenue in 2021, this acquisition is anticipated to be accretive to NerdWallet's 2022 revenue and adjusted EBITDA, promoting profitable growth.

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NerdWallet's recent Wedding Guest Study reveals that 50% of Americans plan to attend a wedding in 2022, but only 31% have budgeted for associated costs. The survey shows that 39% of Americans have skipped or considered skipping weddings due to affordability issues. Key findings indicate that 51% weigh their relationship to the couple in attendance decisions, with 50% expecting to spend over $500 on weddings this year. Additionally, COVID-related safety measures are significant for 25% of respondents.

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NerdWallet (Nasdaq: NRDS) reported Q1 2022 revenue of $129.1 million, up 43% year-over-year, driven by strong performance across verticals. Credit card revenue surged 97% to $45.2 million, while loans revenue grew 6% to $34.3 million. Despite a GAAP net loss of $10.5 million and adjusted EBITDA of $8.9 million, the company remains optimistic about its growth initiatives. Average Monthly Unique Users decreased 3% to 22 million, reflecting the prior year's high engagement levels. Cash reserves increased significantly to $161.6 million.

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NerdWallet, Inc. (NASDAQ: NRDS) will release its Q1 2022 financial results on May 3, 2022, at 2:00 p.m. PT. A conference call will follow to discuss the results. Investors can access the call through NerdWallet’s Investor Relations site, where a shareholder letter will also be posted. The webcast replay will be available for 12 months. NerdWallet aims to provide clarity for financial decisions, offering trustworthy information and comparison tools for consumers in the U.S., UK, and Canada.

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NerdWallet, Inc. (Nasdaq: NRDS) has appointed Ken McBride, former CEO of Stamps.com, to its Board of Directors. McBride's leadership resulted in a 25% annual revenue growth and a surge in enterprise value from $25 million to $6.5 billion over two decades. His vast experience includes acquiring six companies and managing 1 million paying subscribers at Stamps.com, marking a significant influence on e-commerce. Jim Robinson III will retire from the board, focusing on RRE Ventures. CEO Tim Chen expresses confidence in McBride’s potential contributions to NerdWallet’s future growth.

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FAQ

What is the current stock price of NerdWallet (NRDS)?

The current stock price of NerdWallet (NRDS) is $15.85 as of November 8, 2024.

What is the market cap of NerdWallet (NRDS)?

The market cap of NerdWallet (NRDS) is approximately 1.2B.

What services does NerdWallet offer?

NerdWallet provides tools, research, and expert advice to help consumers and small businesses make informed financial decisions.

How does NerdWallet generate revenue?

NerdWallet generates revenue through fees paid by its financial services partners, including revenue per action, click, lead, and funded loan arrangements.

Where is NerdWallet headquartered?

NerdWallet is headquartered in San Francisco, California.

Who are some of NerdWallet's investors?

NerdWallet's investors include IVP, RRE Ventures, iGlobe Partners, and Silicon Valley Bank.

What is unique about working at NerdWallet?

NerdWallet offers a world-class benefits package, flexible vacations, catered meals, a dog-friendly office, and dedicated volunteering time.

How many employees does NerdWallet have?

NerdWallet has over 200 employees.

What recent achievements has NerdWallet accomplished?

NerdWallet has expanded its tools and services to cover a wider range of financial decisions.

What current projects is NerdWallet working on?

NerdWallet is enhancing its user interface and developing new financial planning tools.

What partnerships does NerdWallet have?

NerdWallet collaborates with top financial institutions to offer exclusive deals and services.

How can I join the NerdWallet team?

Visit NerdWallet's careers page for more information on current job openings and opportunities.

NerdWallet, Inc.

Nasdaq:NRDS

NRDS Rankings

NRDS Stock Data

1.17B
41.75M
6.35%
86.15%
5.55%
Internet Content & Information
Services-computer Processing & Data Preparation
Link
United States of America
SAN FRANCISCO