Dynamic Technology Lab Private Ltd Makes New Investment in NerdWallet, Inc. (NASDAQ:NRDS)

Dynamic Technology Lab Private Ltd bought a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,090 shares of the company's stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in shares of NerdWallet during the fourth quarter valued at $80,000. US Bancorp DE increased its stake in shares of NerdWallet by 41.2% in 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 in the last quarter. AXQ Capital LP purchased a new stake in NerdWallet in the 4th quarter worth $138,000. Bailard Inc. acquired a new position in shares of NerdWallet during the fourth quarter valued at approximately $160,000. Finally, SG Americas Securities LLC boosted its stake 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. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Price Performance

Shares of NASDAQ NRDS traded up $0.09 during midday trading on Monday, hitting $8.36. 29,439 shares of the company's stock were exchanged, compared to its average volume of 535,375. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The company has a market cap of $619.54 million, a PE ratio of 20.90 and a beta of 1.41. The firm's fifty day simple moving average is $10.26 and its 200-day simple moving average is $12.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) 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. Equities analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on NRDS shares. Barclays lifted their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley decreased 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.00.

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.