Basswood Capital Management L.L.C. Sells 164,957 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Basswood Capital Management L.L.C. trimmed its position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,165 shares of the company's stock after selling 164,957 shares during the quarter. Basswood Capital Management L.L.C. owned 0.47% of NerdWallet worth $4,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Topline Capital Management LLC bought a new stake in NerdWallet in the 4th quarter valued at $69,840,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock worth $12,083,000 after buying an additional 555,329 shares in the last quarter. Quinn Opportunity Partners LLC raised its position in NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock valued at $11,887,000 after buying an additional 867,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock worth $11,537,000 after acquiring an additional 64,366 shares during the last quarter. Finally, Alta Fox Capital Management LLC bought a new position in shares of NerdWallet during the 4th quarter worth approximately $10,761,000. Institutional investors and hedge funds own 38.81% of the company's stock.

Wall Street Analyst Weigh In

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

NerdWallet Stock Performance

Shares of NerdWallet stock traded up $0.01 during midday trading on Friday, hitting $11.10. 516,138 shares of the company traded hands, compared to its average volume of 540,782. The stock has a market cap of $822.60 million, a price-to-earnings ratio of 27.75 and a beta of 1.41. The firm's fifty day moving average price is $8.93 and its 200-day moving average price is $11.97. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45.

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