87,900 Shares in NerdWallet, Inc. (NASDAQ:NRDS) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,900 shares of the company's stock, valued at approximately $1,169,000. Canada Pension Plan Investment Board owned approximately 0.12% of NerdWallet at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in NerdWallet in the fourth quarter valued at $80,000. US Bancorp DE increased its position in shares of NerdWallet by 41.2% during the fourth quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after purchasing an additional 2,800 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of NerdWallet in the 4th quarter valued at about $138,000. Bailard Inc. acquired a new stake in shares of NerdWallet in the 4th quarter valued at about $160,000. Finally, SG Americas Securities LLC grew its stake in NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after buying an additional 2,364 shares during the last quarter. 38.81% of the stock is owned by hedge funds and other institutional investors.

NerdWallet Price Performance

Shares of NRDS stock traded down $0.03 during midday trading on Monday, hitting $9.10. The company had a trading volume of 326,282 shares, compared to its average volume of 534,323. NerdWallet, Inc. has a 52-week low of $7.55 and a 52-week high of $16.45. The company's 50 day simple moving average is $9.21 and its 200 day simple moving average is $12.14. The stock has a market cap of $674.38 million, a price-to-earnings ratio of 22.75 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The company had revenue of $183.80 million for the quarter, compared to analysts' expectations of $168.33 million. Analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

NRDS has been the subject of a number of research reports. Barclays boosted their price objective on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Morgan Stanley decreased their price target on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

NerdWallet Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.