BNP Paribas Financial Markets Takes Position in NerdWallet, Inc. (NASDAQ:NRDS)

BNP Paribas Financial Markets bought a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 177,952 shares of the company's stock, valued at approximately $2,367,000. BNP Paribas Financial Markets owned 0.24% of NerdWallet at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of NerdWallet in the 4th quarter valued at $80,000. US Bancorp DE boosted its holdings in NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after purchasing an additional 2,800 shares during the last quarter. AXQ Capital LP purchased a new stake in NerdWallet in the fourth quarter valued at $138,000. Bailard Inc. acquired a new stake in NerdWallet during the 4th quarter worth about $160,000. Finally, SG Americas Securities LLC raised its stake in shares of NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after buying an additional 2,364 shares during the last quarter. Hedge funds and other institutional investors own 38.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NRDS. Morgan Stanley lowered their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Citigroup decreased their price target on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. KeyCorp dropped their price objective on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays lifted their target price on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.

NerdWallet Stock Performance

Shares of NerdWallet stock traded up $0.23 on Thursday, hitting $10.72. The company's stock had a trading volume of 23,690 shares, compared to its average volume of 548,484. The company has a market capitalization of $798.48 million, a price-to-earnings ratio of 26.70 and a beta of 1.41. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45. The firm has a fifty day moving average price of $9.31 and a 200-day moving average price of $11.90.

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

NerdWallet Company 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.