Jefferies Financial Group Inc. Invests $901,000 in NerdWallet, Inc. (NASDAQ:NRDS)

Jefferies Financial Group Inc. bought a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 67,725 shares of the company's stock, valued at approximately $901,000. Jefferies Financial Group Inc. owned approximately 0.09% of NerdWallet as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in NerdWallet in the 4th quarter valued at about $80,000. US Bancorp DE grew its position in 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 buying an additional 2,800 shares in the last quarter. AXQ Capital LP bought a new position in shares of NerdWallet during the 4th quarter valued at about $138,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of NerdWallet by 3,417.4% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company's stock valued at $140,000 after purchasing an additional 10,218 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of NerdWallet during the 4th quarter valued at about $160,000. Institutional investors own 38.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NRDS shares. Morgan Stanley reduced their price objective on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. KeyCorp reduced their price objective 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 reduced their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays raised their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

NerdWallet Trading Down 0.2%

Shares of NRDS traded down $0.02 during midday trading on Monday, hitting $10.52. The stock had a trading volume of 368,276 shares, compared to its average volume of 552,670. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The business has a 50-day simple moving average of $9.55 and a two-hundred day simple moving average of $11.60. The firm has a market cap of $783.88 million, a P/E ratio of 26.30 and a beta of 1.41.

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.