Versor Investments LP purchased a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,300 shares of the company's stock, valued at approximately $669,000. Versor Investments LP owned 0.07% of NerdWallet as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC grew its holdings in NerdWallet by 892.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company's stock worth $2,875,000 after acquiring an additional 194,387 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after purchasing an additional 769 shares in the last quarter. SG Americas Securities LLC raised its stake in NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after buying an additional 2,364 shares in the last quarter. Barclays PLC lifted its holdings in NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company's stock worth $830,000 after buying an additional 51,524 shares during the period. Finally, Geode Capital Management LLC boosted its position in NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company's stock valued at $11,751,000 after acquiring an additional 19,330 shares in the last quarter. Institutional investors own 38.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Barclays lifted their price target on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley cut their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.00.
Read Our Latest Stock Report on NRDS
Insiders Place Their Bets
In other news, insider Samuel Yount sold 440,336 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the transaction, the insider now directly owns 254,237 shares of the company's stock, valued at approximately $3,429,657.13. This represents a 63.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 810,497 shares of company stock valued at $10,884,981. Insiders own 45.93% of the company's stock.
NerdWallet Stock Down 1.1 %
Shares of NerdWallet stock traded down $0.11 during trading on Tuesday, reaching $9.98. The company's stock had a trading volume of 375,137 shares, compared to its average volume of 625,170. The company has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $13.20. NerdWallet, Inc. has a 1-year low of $9.65 and a 1-year high of $16.82. The company has a market cap of $739.75 million, a price-to-earnings ratio of 24.96 and a beta of 1.33.
NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. As a group, analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current year.
NerdWallet Company Profile
(
Free Report)
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.
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