Marshall Wace LLP Takes Position in NerdWallet, Inc. (NASDAQ:NRDS)

Marshall Wace LLP acquired a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 261,410 shares of the company's stock, valued at approximately $3,477,000. Marshall Wace LLP owned 0.36% of NerdWallet at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of NerdWallet in the 4th quarter worth about $80,000. US Bancorp DE raised its position in shares of NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after purchasing an additional 2,800 shares during the last quarter. AXQ Capital LP purchased a new position in shares of NerdWallet in the 4th quarter worth about $138,000. Bailard Inc. purchased a new position in shares of NerdWallet in the 4th quarter worth about $160,000. Finally, SG Americas Securities LLC raised its position in shares of NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after purchasing an additional 2,364 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Stock Down 0.1 %

Shares of NerdWallet stock traded down $0.01 during trading hours on Tuesday, reaching $9.09. 287,102 shares of the stock traded hands, compared to its average volume of 533,340. The company has a 50 day moving average price of $9.11 and a 200 day moving average price of $12.12. The firm has a market capitalization of $673.64 million, a price-to-earnings ratio of 22.73 and a beta of 1.41. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) 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 negative return on equity of 2.08% and a net margin of 4.42%. Sell-side analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on NRDS. Barclays lifted their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley reduced their price objective on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Finally, Citigroup reduced their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.00.

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.