Barclays PLC Has $830,000 Position in NerdWallet, Inc. (NASDAQ:NRDS)

Barclays PLC lifted its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 374.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,277 shares of the company's stock after acquiring an additional 51,524 shares during the period. Barclays PLC owned approximately 0.09% of NerdWallet worth $830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NRDS. XTX Topco Ltd acquired a new stake in NerdWallet in the third quarter worth $220,000. State Street Corp increased its position in shares of NerdWallet by 3.7% in the 3rd quarter. State Street Corp now owns 799,521 shares of the company's stock valued at $10,162,000 after buying an additional 28,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in NerdWallet during the 3rd quarter worth $890,000. Jacobs Levy Equity Management Inc. lifted its holdings in NerdWallet by 346.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company's stock worth $6,333,000 after acquiring an additional 386,646 shares in the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in NerdWallet in the third quarter valued at about $6,446,000. Institutional investors own 38.81% of the company's stock.

Insider Activity

In other news, CFO Lauren Stclair sold 11,856 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the sale, the chief financial officer now owns 313,100 shares of the company's stock, valued at approximately $4,395,924. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Topline Capital Management, Ll bought 49,722 shares of the firm's stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average cost of $12.05 per share, with a total value of $599,150.10. Following the completion of the purchase, the insider now directly owns 4,839,090 shares of the company's stock, valued at $58,311,034.50. This represents a 1.04 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 379,014 shares of company stock worth $5,070,916 in the last quarter. Corporate insiders own 45.93% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NRDS. Barclays lifted their price objective on NerdWallet from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. KeyCorp lifted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NerdWallet has a consensus rating of "Moderate Buy" and an average price target of $17.00.

NerdWallet Stock Performance

NASDAQ NRDS traded up $0.14 during trading on Wednesday, hitting $13.30. The stock had a trading volume of 275,617 shares, compared to its average volume of 460,891. The company has a market capitalization of $976.74 million, a PE ratio of -94.99 and a beta of 1.31. NerdWallet, Inc. has a 12 month low of $10.10 and a 12 month high of $17.30. The company's 50-day moving average price is $13.77 and its two-hundred day moving average price is $13.35.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The business had revenue of $191.30 million during the quarter, compared to analysts' expectations of $168.25 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm's revenue was up 25.2% on a year-over-year basis. As a group, equities analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

About NerdWallet

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.