Why Nordnet stock moves
Nordnet launches in Germany, but the stock barely moved.
Written after the close on ·
Why today
20,421 news analyzed todayNordnet launches in Germany, but the stock barely moved.
In the last session, Nordnet was roughly unchanged while the OMX Stockholm 30 fell slightly, so it did slightly better than the market.
The move was an ordinary one for Nordnet, within its usual daily range.
That day's news is the German launch, which starts on 16 November with a phased entry and a full market launch in early 2027, a step toward more customers.
Over the last five trading days Nordnet rose sharply, about three times a normal five-day move, which was big for this stock.
Today's move of −0.17% was 0.2 times a normal day's 0.9%. OMX Stockholm 30 moved −0.32% on the same day.
Nordnet −0.17%OMX Stockholm 30 −0.32%In step with the market
What analysts expect, and how often they have been right
Analysts’ estimates for Nordnet.
Nordnet earned more than expected in 3 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 6 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 352.00 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 3.71 SEK (January 27). For the current fiscal year, expected earnings per share changed from 14.66 SEK three months ago to 14.42 SEK now. 2026 estimate: 14.42 SEK. 2027 estimate: 16.62 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 29: Sell about 9.9 m SEK. July 30: Sell about 496 thousand SEK. July 22: Sell about 2.7 m SEK. July 21: Sell about 1.5 m SEK. July 17: Sell about 2.0 m SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +15% and earnings per share +9%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): 87.2 bn SEKRevenue 2025: 5.4 bn SEK
What the key figures say about Nordnet
The figures connect what Nordnet earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 6.33 SEK–11.82 SEK. Peers: Robinhood Markets $2.17, Charles Schwab $5.85, ABG Sundal Collier 0.73 NOK. 2026 estimate: 14.42 SEK (14.10 SEK–14.74 SEK). 2027 estimate: 16.62 SEK (15.98 SEK–17.86 SEK).
What the company sold during the year.
2022–2025: 3.4 bn SEK–5.4 bn SEK. Peers: Robinhood Markets $5.1B, Charles Schwab $27.1B, ABG Sundal Collier 2.3 bn NOK. 2026 estimate: 6.3 bn SEK (6.2 bn SEK–6.4 bn SEK). 2027 estimate: 7.2 bn SEK (6.9 bn SEK–7.7 bn SEK).
Profit as a percentage of shareholders’ money in the company.
2022–2025: 26.2%–35.3%. Peers: Robinhood Markets 21.5%, Charles Schwab 21.1%, ABG Sundal Collier 40.6%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 17.4–23.8. Peers: Robinhood Markets 37.3, Charles Schwab 15.6, ABG Sundal Collier 9.7. 2026 estimate: 24.4. 2027 estimate: 21.2.
What investors pay for each unit the company sells.
2022–2025: 9.37–12.47. Peers: Robinhood Markets 14.34, Charles Schwab 5.84, ABG Sundal Collier 1.63. 2026 estimate: 13.83. 2027 estimate: 12.19.
Money paid to shareholders per share, summed by calendar year.
2021–2025: 3.28 SEK–8.10 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 2.7%–3.7%. Peers: Robinhood Markets 0.0%, ABG Sundal Collier 7.8%.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 5.58–8.02. Peers: Robinhood Markets 7.29, Charles Schwab 3.49, ABG Sundal Collier 3.40.
Cash left after investments, divided by the number of shares.
2022–2025: -51.02 SEK–49.33 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 2.7%–3.5%.
The dividend explained
A dividend is money paid to shareholders. Nordnet paid 8.60 SEK per share in the twelve months through November 5, 2026.
On the ex-dividend day, April 28, 2026, Nordnet traded without the right to the 8.60 SEK dividend. The price went from 308.00 SEK to 309.00 SEK; including the dividend, the day's change was +3.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2021: 3.28 SEK2022: 5.56 SEK2023: 4.60 SEK2024: 7.20 SEK2025: 8.10 SEK2026 so far: 8.60 SEK
What to watch next, and why
The earnings report shows how Nordnet's revenue and profit have changed.
- Earnings report
The earnings report shows how Nordnet's revenue and profit have changed.
Add to calendar
More about Nordnet
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Lars-Åke Norling, board memberSellabout 9.9 m SEK
- Quincy Curry, senior executiveSellabout 496 thousand SEK
- Lennart Krän, CFOSellabout 2.7 m SEK
- Rasmus Järborg, CEOSellabout 1.5 m SEK
- Carina Tovi, senior executiveSellabout 2.0 m SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Nordnet usually moved about 3.1%. On a normal day it moves 0.9%.
−3.12% Why? −0.65% −1.89% +8.11%
10,000 SEK in Nordnet bought on November 25, 2020 is worth 39,300 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 20,100 SEK.
What would 10,000 SEK in Nordnet be worth today? →
What would 10,000 SEK in Nordnet be worth today?
39,300 SEK
with dividends reinvested, bought on November 25, 2020. The same amount in OMX Stockholm 30 with dividends would have become 20,100 SEK.
The five biggest days of the journey
· −12.5% · the whole market fell 1.4% the same day
· +9.5% · the whole market rose 3.5% the same day
· +9.3% · the whole market rose 3.6% the same day
· +9.0% · the whole market rose 1.4% the same day · report day
· −8.5% · the whole market fell 2.4% the same day
Earlier days
+4.31% market −0.11% Nordnet rose sharply over the week while the wider market stayed roughly flat. Read →
Nordnet rose sharply over the week while the wider market stayed roughly flat.
The move was big for the stock, and the shares sit well above their December low but below their July high.
Likely drivers include the German launch announced for November 16 and the Citigroup price target cut to SEK 345 from 365, which Citigroup kept at neutral.
Next earnings are due on Wednesday 27 January 2027.
+3.46% market +0.83% Nordnet rose after its October monthly statistics came out. Read →
Nordnet rose after its October monthly statistics came out.
Over the same day OMX Stockholm 30 rose clearly, so Nordnet moved more than the market.
Over the last five trading days Nordnet rose sharply, far more than the market's slight rise.
The move was very big for Nordnet, roughly four times a normal day, with trading well above its usual level.
+2.07% market −0.08% Nordnet rose sharply. Read →
Nordnet rose sharply.
The likeliest driver is the news that Nordnet finished its share buyback program, which it had launched in September.
Buybacks shrink the number of shares, which can support the price.
Over the past five trading days the stock rose clearly, with the market up slightly, so the move was big for Nordnet.
Trading volume was about twice a normal session.
+0.30% market −0.29% Nordnet barely moved, an ordinary day for the stock. Read →
Nordnet barely moved, an ordinary day for the stock.
The shares were roughly unchanged, while OMX Stockholm 30 fell slightly, so Nordnet held up better than the market.
No company news from the last session explains the move; the Q3 report and the strong earnings came out a week earlier.
Over the last five trading days, Nordnet rose clearly, in line with the market, and that rise was big for the stock.
Its largest recent drivers were the strong third-quarter results and the record savings capital, which likely drew investors back.
+2.94% market +3.01% Nordnet rose clearly over the week, roughly in line with the OMX Stockholm 30 index. Read →
Nordnet rose clearly over the week, roughly in line with the OMX Stockholm 30 index.
Its move was big for the stock, about twice a normal five-day stretch.
Strong buying by customers in October and a JP Morgan price target raise likely supported it.
The market's fall in the last session makes the week's rise look relatively stronger.
+0.62% market +0.96% Nordnet rose with the market. Read →
Nordnet rose with the market.
Over the same day the wider Stockholm market rose clearly, so Nordnet lagged it.
The move was an ordinary size for Nordnet.
Over the last five trading days the shares fell slightly while the market was roughly flat.
The Q3 results released last week beat expectations, but the shares lagged.
−5.71% market −3.67% Nordnet fell sharply over the last five trading days, more than the broader market. Read →
Nordnet fell sharply over the last five trading days, more than the broader market.
The move was very large for this stock and rare in the past year.
The main driver looks to be the third-quarter report, which came out yesterday and missed analyst expectations, even though operating profit (earnings before interest and tax) rose strongly.
Investors seem to have reacted to the disappointing numbers rather than the record savings inflows.
−3.12% market −2.51% Nordnet fell sharply after weaker-than-expected quarterly results. Read →
Nordnet fell sharply after weaker-than-expected quarterly results.
Its shares fell sharply in the last session, while the OMX Stockholm 30 index also fell sharply, so the move matched the market.
The quarterly report, published in the last session, showed operating profit of SEK 1,096 million, below what analysts expected, which likely drove the drop.
Over the last five trading days Nordnet fell sharply and moved much more than the market.
Learn more · Why do stocks go up and down?