NerdWallet, Inc. (NASDAQ:NRDS) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,546 shares of the company's stock after purchasing an additional 236,320 shares during the period. Nuveen Asset Management LLC owned 0.93% of NerdWallet worth $9,091,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NRDS. SG Americas Securities LLC lifted its holdings in shares of NerdWallet by 17.0% in 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. 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 worth $685,000 after purchasing an additional 769 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of NerdWallet by 892.3% in 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 bought a new stake in shares of NerdWallet in the 4th quarter worth approximately $669,000. Finally, US Bancorp DE lifted its holdings in shares of NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 38.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on NRDS shares. Citigroup cut their price target on NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. KeyCorp cut their target price on NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Morgan Stanley cut 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. Finally, Barclays lifted their target price on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Two research 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, the stock has an average rating of "Moderate Buy" and an average price target of $15.00.

NerdWallet Stock Performance

Shares of NRDS stock traded down $0.02 during mid-day trading on Monday, hitting $10.52. 368,276 shares of the stock traded hands, compared to its average volume of 552,670. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The firm has a market cap of $783.88 million, a price-to-earnings ratio of 26.30 and a beta of 1.41. The company's 50-day simple moving average is $9.55 and its 200-day simple moving average is $11.60.

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.