Bayesian Capital Management LP Invests $482,000 in NerdWallet, Inc. (NASDAQ:NRDS)

Bayesian Capital Management LP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,261 shares of the company's stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in NerdWallet by 374.6% during the 3rd quarter. Barclays PLC now owns 65,277 shares of the company's stock worth $830,000 after buying an additional 51,524 shares in the last quarter. SG Americas Securities LLC increased its position in shares of 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 in the last quarter. Rhumbline Advisers raised its stake 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 purchasing an additional 769 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in NerdWallet by 892.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company's stock valued at $2,875,000 after purchasing an additional 194,387 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in NerdWallet during the 4th quarter worth $669,000. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Price Performance

Shares of NASDAQ NRDS remained flat at $11.09 during midday trading on Friday. 873,163 shares of the stock were exchanged, compared to its average volume of 543,442. The stock has a market cap of $821.86 million, a PE ratio of 27.73 and a beta of 1.41. The firm has a fifty day moving average of $8.95 and a 200 day moving average of $11.97. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NRDS shares. KeyCorp reduced their target price on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Citigroup cut their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays boosted 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. Finally, Morgan Stanley cut their price target on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, NerdWallet currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

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.