D. E. Shaw & Co. Inc. Boosts Position in NerdWallet, Inc. (NASDAQ:NRDS)

D. E. Shaw & Co. Inc. lifted its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,091 shares of the company's stock after purchasing an additional 59,811 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.51% of NerdWallet worth $5,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of NerdWallet during the 4th quarter valued at $80,000. US Bancorp DE lifted its holdings in NerdWallet by 41.2% during the 4th 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 bought a new stake in NerdWallet during the fourth quarter worth about $138,000. Bailard Inc. bought a new position in shares of NerdWallet in the fourth quarter valued at approximately $160,000. Finally, SG Americas Securities LLC increased its stake in shares of NerdWallet by 17.0% in the fourth 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 in the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Trading Down 2.4%

Shares of NRDS traded down $0.27 during trading hours on Tuesday, reaching $10.99. The stock had a trading volume of 315,813 shares, compared to its average volume of 548,290. The firm has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $11.92. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The company has a market capitalization of $818.90 million, a price-to-earnings ratio of 27.48 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley lowered their target price 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 reduced 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 reduced their price target on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Barclays boosted their price target on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, NerdWallet has an average rating of "Moderate Buy" and a consensus target price 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.