NerdWallet Announces $50M Share Repurchase Program

By Tamara Parker • Tuesday, September 10 15:24 • Permanent Link

Nerdwallet, Inc. (NASDAQ: NRDS) has announced a new share repurchase program, authorizing the company to purchase up to $50 million of shares of its class A common stock from time to time, as market conditions warrant. This new program replaces the previous $30 million program which had been exhausted.

Nerdwallet, a personal finance website and app, is known for providing consumers with trustworthy and knowledgeable financial information. The company's mission is to provide clarity for all of life’s financial decisions, offering consumers access to expert content, comparison shopping marketplaces, and a data-driven app to help them stay on top of their finances and save time and money.

Nerdwallet is available for consumers in the U.S., United Kingdom, Canada, and Australia.

This announcement comes as Nerdwallet continues its mission to help consumers make smart money moves by providing them with the freedom to do more with their finances. The market has reacted to these announcements by moving the company's shares -0.5% to a price of $12.26. Check out the company's full 8-K submission here.

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