D. E. Shaw & Co. Inc. Grows Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

D. E. Shaw & Co. Inc. grew its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,091 shares of the company's stock after buying an additional 59,811 shares during the period. D. E. Shaw & Co. Inc. owned 0.51% of NerdWallet worth $5,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in shares of 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. American Century Companies Inc. raised its position in NerdWallet by 8.0% in the 4th quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after purchasing an additional 1,576 shares during the last quarter. Swiss National Bank boosted its stake in NerdWallet by 2.1% during the 4th 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 during the period. SG Americas Securities LLC grew its position in NerdWallet by 17.0% during the 4th 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 last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of NerdWallet by 12.4% in the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock valued at $326,000 after buying an additional 2,705 shares during the last quarter. 38.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on NRDS shares. Morgan Stanley reduced their price objective on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. KeyCorp lowered their price target on NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup cut 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. Finally, Barclays raised their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.00.

NerdWallet Trading Up 2.2%

Shares of NerdWallet stock traded up $0.24 during trading hours on Thursday, reaching $10.73. The stock had a trading volume of 32,439 shares, compared to its average volume of 548,498. The firm has a market capitalization of $799.15 million, a price-to-earnings ratio of 26.80 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 50 day simple moving average of $9.31 and a two-hundred day simple moving average of $11.90.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data 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 net margin of 4.42% and a negative return on equity of 2.08%. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. Sell-side analysts forecast that NerdWallet, Inc. will post 0.36 EPS 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.