Arrowstreet Capital Limited Partnership Has $10.20 Million Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

Arrowstreet Capital Limited Partnership grew its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 153.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 766,670 shares of the company's stock after purchasing an additional 463,758 shares during the period. Arrowstreet Capital Limited Partnership owned 1.04% of NerdWallet worth $10,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in shares of NerdWallet during the fourth quarter worth about $80,000. US Bancorp DE boosted its position in shares of NerdWallet by 41.2% during the 4th 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. AXQ Capital LP bought a new position in shares of NerdWallet during the 4th quarter valued at about $138,000. Intech Investment Management LLC bought a new position in shares of NerdWallet during the 3rd quarter valued at about $135,000. Finally, Bailard Inc. bought a new position in shares of NerdWallet during the 4th quarter valued at about $160,000. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Price Performance

NRDS traded down $0.30 during midday trading on Thursday, hitting $8.33. 35,702 shares of the company's stock traded hands, compared to its average volume of 532,194. The company has a market cap of $617.32 million, a PE ratio of 20.83 and a beta of 1.41. The stock's fifty day simple moving average is $10.50 and its 200-day simple moving average is $12.47. 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 announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The company had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. On average, research analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NRDS. Barclays upped their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Morgan Stanley reduced their price target on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

NerdWallet Company 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.