Steamboat Capital Partners LLC Sells 204,864 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Steamboat Capital Partners LLC lowered its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 83.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the company's stock after selling 204,864 shares during the quarter. Steamboat Capital Partners LLC owned approximately 0.05% of NerdWallet worth $532,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NRDS. SG Americas Securities LLC increased its position in NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after acquiring an additional 2,364 shares during the period. Rhumbline Advisers increased its holdings in NerdWallet by 1.5% in the fourth 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 period. Los Angeles Capital Management LLC raised its position in NerdWallet by 892.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company's stock worth $2,875,000 after purchasing an additional 194,387 shares during the last quarter. Versor Investments LP acquired a new position in NerdWallet during the 4th quarter worth about $669,000. Finally, US Bancorp DE grew its position 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 buying an additional 2,800 shares during the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Performance

Shares of NerdWallet stock traded down $0.17 on Friday, reaching $10.55. 70,308 shares of the company's stock were exchanged, compared to its average volume of 548,750. The company has a market capitalization of $785.74 million, a P/E ratio of 26.36 and a beta of 1.41. NerdWallet, Inc. has a 52 week low of $7.55 and a 52 week high of $16.45. The firm's 50-day moving average is $9.34 and its two-hundred day moving average is $11.87.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly 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 business had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. On average, analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

NRDS has been the topic of a number of recent analyst reports. KeyCorp cut their price objective on NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Citigroup reduced their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. 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 research note on Monday, February 24th. Finally, Barclays boosted 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 given a buy rating to the company's stock. According to data from MarketBeat.com, NerdWallet has an average rating of "Moderate Buy" and a consensus target price of $15.00.

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.