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 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,165 shares of the company's stock after selling 164,957 shares during the period. Basswood Capital Management L.L.C. owned approximately 0.47% of NerdWallet worth $4,551,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in NerdWallet by 1.5% in the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after buying an additional 769 shares during the period. American Century Companies Inc. increased its stake in NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after acquiring an additional 1,576 shares during the period. Swiss National Bank raised its position in NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock worth $1,045,000 after purchasing an additional 1,600 shares in the last quarter. SG Americas Securities LLC lifted its stake in NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after purchasing an additional 2,364 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in NerdWallet by 12.4% during the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock valued at $326,000 after purchasing an additional 2,705 shares in the last quarter. Institutional investors and hedge funds own 38.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NRDS. Barclays increased their target price on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. 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. Finally, Citigroup lowered their target price on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, NerdWallet presently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

NerdWallet Stock Up 0.6 %

Shares of NASDAQ:NRDS opened at $9.08 on Friday. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The firm has a market cap of $672.90 million, a P/E ratio of 22.70 and a beta of 1.41. The company's 50-day moving average price is $8.98 and its two-hundred day moving average price is $12.03.

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, meeting analysts' consensus estimates of $0.01. The business had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. 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.

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