Charles Schwab Investment Management Inc. trimmed its holdings in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 298,964 shares of the company's stock after selling 30,480 shares during the period. Charles Schwab Investment Management Inc. owned about 0.41% of NerdWallet worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of NRDS. Rhumbline Advisers raised its holdings in shares of NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock worth $685,000 after acquiring an additional 769 shares during the period. SG Americas Securities LLC grew its position in NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after purchasing an additional 2,364 shares in the last quarter. US Bancorp DE grew its position in NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after purchasing an additional 2,800 shares in the last quarter. Intech Investment Management LLC acquired a new stake in NerdWallet in the 3rd quarter valued at $135,000. Finally, Bailard Inc. bought a new stake in NerdWallet during the 4th quarter worth about $160,000. 38.81% of the stock is currently owned by institutional investors.
NerdWallet Price Performance
NRDS stock traded down $0.30 during midday trading on Friday, reaching $9.02. 454,596 shares of the company were exchanged, compared to its average volume of 521,515. The firm has a market capitalization of $668.45 million, a price-to-earnings ratio of 22.55 and a beta of 1.39. The business has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $12.77. NerdWallet, Inc. has a one year low of $8.75 and a one year high of $16.45.
NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $183.80 million during the quarter, compared to the consensus estimate of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. As a group, analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NRDS. Barclays lifted their target price on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley lowered their price target on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.00.
Check Out Our Latest Research Report on NerdWallet
Insider Transactions at NerdWallet
In related news, insider Samuel Yount sold 3,003 shares of NerdWallet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $13.45, for a total transaction of $40,390.35. Following the completion of the sale, the insider now directly owns 401,101 shares of the company's stock, valued at approximately $5,394,808.45. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 45.93% of the company's stock.
NerdWallet Profile
(
Free Report)
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.
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