Canada Pension Plan Investment Board Purchases Shares of 87,900 NerdWallet, Inc. (NASDAQ:NRDS)

Canada Pension Plan Investment Board bought a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,900 shares of the company's stock, valued at approximately $1,169,000. Canada Pension Plan Investment Board owned about 0.12% of NerdWallet as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quinn Opportunity Partners LLC raised its holdings in NerdWallet by 3,324.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock worth $11,887,000 after purchasing an additional 867,681 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NerdWallet by 157.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock valued at $12,083,000 after buying an additional 555,329 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in NerdWallet by 153.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company's stock valued at $10,197,000 after acquiring an additional 463,758 shares during the last quarter. Norges Bank bought a new stake in shares of NerdWallet during the 4th quarter valued at $3,785,000. Finally, Marshall Wace LLP acquired a new position in shares of NerdWallet in the 4th quarter valued at $3,477,000. Institutional investors and hedge funds own 38.81% of the company's stock.

Analyst Upgrades and Downgrades

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

NerdWallet Stock Down 1.4 %

Shares of NRDS traded down $0.13 on Wednesday, hitting $8.96. The company's stock had a trading volume of 468,602 shares, compared to its average volume of 531,862. The firm's fifty day moving average price is $9.06 and its 200-day moving average price is $12.10. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The firm has a market capitalization of $664.01 million, a price-to-earnings ratio of 22.40 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The firm had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. As a group, equities analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

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.