NerdWallet's Share Repurchase Boosts Stock
Update: 2025-12-17
Description
NerdWallets shares surged six percent following a Board decision to boost its share repurchase program by fifty million dollars, totaling one hundred twenty-five million. This move, often seen as a sign of confidence, reduces available shares and can increase their value. The companys stock reached a milestone of fifteen dollars and thirty-four cents, following strong third-quarter earnings that beat analyst predictions. Several financial firms raised their price targets, with Truist Securities increasing its target to nineteen dollars. NerdWallet is now up nine point three percent year-to-date, trading close to its fifty-two-week high.
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