Aquatic Capital Management LLC Purchases New Position in NerdWallet, Inc. (NASDAQ:NRDS)

Aquatic Capital Management LLC acquired a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 50,793 shares of the company's stock, valued at approximately $676,000. Aquatic Capital Management LLC owned approximately 0.07% of NerdWallet at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Topline Capital Management LLC purchased a new position in shares of NerdWallet in the 4th quarter valued at $69,840,000. Hsbc Holdings PLC purchased a new position in shares of NerdWallet during the fourth quarter worth about $354,000. MetLife Investment Management LLC increased its position in shares of NerdWallet by 12.4% during the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock worth $326,000 after purchasing an additional 2,705 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock valued at $11,537,000 after purchasing an additional 64,366 shares during the last quarter. Finally, Formula Growth Ltd. purchased a new stake in shares of NerdWallet in the 4th quarter valued at about $931,000. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Stock Performance

NRDS stock opened at $9.03 on Friday. The stock has a market capitalization of $669.20 million, a PE ratio of 22.58 and a beta of 1.41. The company has a fifty day moving average of $9.01 and a 200-day moving average of $12.06. 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 data on Wednesday, February 19th. The company reported $0.01 EPS 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 during the quarter, compared to the consensus estimate of $168.33 million. Equities analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup dropped their price target on NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays raised their target price 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. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, NerdWallet currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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