NRDS - NerdWallet: Growth Story Remains Intact

2024-06-06 14:29:55 ET

Summary

• NerdWallet stock has fallen in recent months as revenue declined 5% in the current quarter amongst a difficult macroeconomic environment.
• Despite this decline, the company did well managing marketing spend as operating income was higher compared to Q1 2023.
• NerdWallet's monthly unique users hit a record of 29 million, which is a 25% increase year-over-year.

In my first analysis in the fall of last year, I stated NerdWallet ( NRDS ) was a “Buy” and since that time the stock has risen over 50%....

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