NerdWallet, Inc. (NASDAQ:NRDS) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 526.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,953 shares of the company's stock after buying an additional 111,743 shares during the period. Deutsche Bank AG owned about 0.18% of NerdWallet worth $1,768,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in shares of NerdWallet in the 4th quarter valued at $80,000. US Bancorp DE raised its position in NerdWallet by 41.2% in the fourth 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 period. AXQ Capital LP acquired a new position in shares of NerdWallet during the fourth quarter worth about $138,000. Bailard Inc. acquired a new position in shares of NerdWallet during the fourth quarter worth about $160,000. Finally, SG Americas Securities LLC boosted its position 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 worth $216,000 after buying an additional 2,364 shares during the period. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Trading Up 0.2%

NRDS stock traded up $0.02 during midday trading on Thursday, hitting $10.75. 254,733 shares of the company's stock were exchanged, compared to its average volume of 551,611. The firm has a 50 day moving average price of $9.50 and a 200-day moving average price of $11.70. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.45. The stock has a market capitalization of $801.01 million, a price-to-earnings ratio of 26.88 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NRDS shares. Morgan Stanley dropped their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. KeyCorp lowered 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 target price on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Barclays raised their price target 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

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.