Trexquant Investment LP Purchases 136,517 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Trexquant Investment LP raised its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 66.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 341,251 shares of the company's stock after acquiring an additional 136,517 shares during the period. Trexquant Investment LP owned about 0.46% of NerdWallet worth $4,539,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of NerdWallet in the fourth quarter valued at about $80,000. US Bancorp DE increased its holdings in shares of NerdWallet by 41.2% during the fourth 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 period. Intech Investment Management LLC acquired a new stake in shares of NerdWallet in the third quarter valued at approximately $135,000. AXQ Capital LP bought a new stake in shares of NerdWallet in the fourth quarter valued at approximately $138,000. Finally, Bailard Inc. acquired a new stake in NerdWallet during the fourth quarter worth approximately $160,000. Institutional investors own 38.81% of the company's stock.

NerdWallet Trading Down 6.9 %

NRDS stock traded down $0.60 during midday trading on Thursday, hitting $8.04. The stock had a trading volume of 83,155 shares, compared to its average volume of 532,425. The business has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $12.47. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The firm has a market cap of $595.46 million, a P/E ratio of 20.03 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. On average, equities analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NRDS. Morgan Stanley cut their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Barclays upped their price objective on shares of 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 given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.