Jump Financial LLC Invests $799,000 in NerdWallet, Inc. (NASDAQ:NRDS)

Jump Financial LLC bought a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 60,076 shares of the company's stock, valued at approximately $799,000. Jump Financial LLC owned about 0.08% of NerdWallet at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NRDS. Quinn Opportunity Partners LLC boosted its position in NerdWallet by 3,324.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock valued at $11,887,000 after purchasing an additional 867,681 shares during the period. Renaissance Technologies LLC grew its position in NerdWallet by 49.5% during the 4th quarter. Renaissance Technologies LLC now owns 742,909 shares of the company's stock worth $9,881,000 after purchasing an additional 246,009 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in NerdWallet by 50.8% in the 4th quarter. Russell Investments Group Ltd. now owns 44,073 shares of the company's stock worth $586,000 after acquiring an additional 14,850 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in NerdWallet during the fourth quarter valued at approximately $454,000. Finally, Wells Fargo & Company MN raised its holdings in shares of NerdWallet by 34.7% during the fourth quarter. Wells Fargo & Company MN now owns 16,394 shares of the company's stock worth $218,000 after acquiring an additional 4,225 shares in the last quarter. Institutional investors own 38.81% of the company's stock.

NerdWallet Trading Up 3.1 %

NerdWallet stock traded up $0.27 during mid-day trading on Thursday, reaching $9.08. The company had a trading volume of 274,058 shares, compared to its average volume of 537,208. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The business has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $12.18. The company has a market cap of $672.90 million, a P/E ratio of 22.70 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates 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%. Research analysts forecast that NerdWallet, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

NRDS has been the topic of a number of recent analyst reports. Barclays boosted their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley cut their target price on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.