Los Angeles Capital Management LLC Grows Position in NerdWallet, Inc. (NASDAQ:NRDS)

Los Angeles Capital Management LLC boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 892.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 216,172 shares of the company's stock after buying an additional 194,387 shares during the quarter. Los Angeles Capital Management LLC owned 0.29% of NerdWallet worth $2,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NRDS. Basswood Capital Management L.L.C. acquired a new stake in NerdWallet during the third quarter worth about $6,446,000. Jacobs Levy Equity Management Inc. grew its stake in shares of NerdWallet by 346.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company's stock worth $6,333,000 after purchasing an additional 386,646 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of NerdWallet by 32.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company's stock valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of NerdWallet during the 3rd quarter valued at approximately $890,000. Finally, Barclays PLC lifted its stake in shares of NerdWallet by 374.6% in the 3rd quarter. Barclays PLC now owns 65,277 shares of the company's stock valued at $830,000 after purchasing an additional 51,524 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Down 1.1 %

Shares of NerdWallet stock traded down $0.11 during trading hours on Monday, reaching $10.09. 494,113 shares of the company's stock were exchanged, compared to its average volume of 631,839. The business has a fifty day moving average of $13.46 and a two-hundred day moving average of $13.21. The company has a market capitalization of $747.75 million, a P/E ratio of 25.23 and a beta of 1.33. NerdWallet, Inc. has a 1 year low of $9.88 and a 1 year high of $17.11.

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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 during the quarter, compared to analysts' expectations of $168.33 million. As a group, research analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current year.

Insider Activity at NerdWallet

In other NerdWallet news, insider Samuel Yount sold 76,185 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $13.40, for a total value of $1,020,879.00. Following the completion of the sale, the insider now directly owns 522,656 shares in the company, valued at $7,003,590.40. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 810,497 shares of company stock valued at $10,884,981. 45.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NRDS. Morgan Stanley dropped their price target 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. Barclays increased their price target on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

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.