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

Aquatic Capital Management LLC purchased a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,793 shares of the company's stock, valued at approximately $676,000. Aquatic Capital Management LLC owned approximately 0.07% of NerdWallet as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Citigroup cut their target price on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. KeyCorp cut their price target on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday. Finally, Barclays increased their price target on shares of NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NerdWallet presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

NerdWallet Stock Performance

Shares of NerdWallet stock traded up $2.11 on Wednesday, reaching $10.57. The stock had a trading volume of 1,039,429 shares, compared to its average volume of 534,443. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The business's 50-day moving average price is $8.91 and its two-hundred day moving average price is $11.98. The stock has a market cap of $783.10 million, a P/E ratio of 26.47 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (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 company had revenue of $183.80 million during the quarter, compared to analysts' expectations of $168.33 million. As a group, equities analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

About NerdWallet

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.