30 Stocks That Should Double in 3 Years

27. Nerdwallet Inc. (NASDAQ:NRDS)

Number of Hedge Fund Holders: 22

Nerdwallet Inc. (NASDAQ:NRDS) operates a digital platform that provides financial guidance to consumers and small and mid-sized businesses (SMB) in the US, the UK, Australia, and Canada. The NerdWallet app delivers various financial products, such as credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.

In Q4 2024 alone, the company’s Insurance revenue surged by 821% year-over-year to $72 million. This growth was attributed to consistent improvements in demand from both consumers and partners. For the full year 2024, the Insurance vertical generated $192 million in revenue, which was up 326%. However, other revenue-generating segments at NerdWallet declined in Q4. For instance, Credit card revenue declined by 19% to $35 million.

Despite these drops, the company was able to make a total revenue of $183.80 million in Q4, which was up 37.47%. While Nerdwallet Inc. (NASDAQ:NRDS) anticipates growth in the Insurance segment during H1 2025, the company expects to face tougher year-over-year comparisons in H2 of the year.