What Happened?

Shares of financial guidance platform NerdWallet (NASDAQ: NRDS) jumped 6% in the afternoon session after the company announced its Board of Directors approved an increase to its share repurchase program, boosting the total authorized amount to $125 million. 

The board added another $50 million to the existing $75 million authorization. A share repurchase, or buyback, involves the company buying its own stock from the open market. This action reduced the number of shares available, which can boost the value of the remaining shares. Investors often viewed this move as a sign of confidence from company leadership, suggesting they believed the stock was a good investment. The repurchases could be made through open market transactions or privately negotiated deals, depending on market conditions.

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What Is The Market Telling Us

NerdWallet’s shares are quite volatile and have had 16 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 15 days ago when the stock gained 3.3% on the news that 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.

NerdWallet is up 9.3% since the beginning of the year, and at $14.76 per share, it is trading close to its 52-week high of $15.93 from December 2025. Investors who bought $1,000 worth of NerdWallet’s shares at the IPO in November 2021 would now be looking at an investment worth $521.38.

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