UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.24 Million Stock Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 69.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,102 shares of the company's stock after purchasing an additional 38,070 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of NerdWallet worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NRDS. Dimensional Fund Advisors LP grew its holdings in NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company's stock worth $11,537,000 after acquiring an additional 64,366 shares during the period. JPMorgan Chase & Co. grew its holdings in NerdWallet by 556.8% during the 4th quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company's stock worth $3,206,000 after acquiring an additional 204,326 shares during the period. Jump Financial LLC acquired a new stake in NerdWallet during the 4th quarter worth $799,000. Versor Investments LP acquired a new stake in NerdWallet during the 4th quarter worth $669,000. Finally, Quinn Opportunity Partners LLC grew its holdings in NerdWallet by 3,324.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock worth $11,887,000 after acquiring an additional 867,681 shares during the period. Institutional investors own 38.81% of the company's stock.

NerdWallet Stock Up 2.0%

Shares of NRDS stock traded up $0.22 during trading hours on Friday, hitting $10.96. 744,153 shares of the company's stock traded hands, compared to its average volume of 559,822. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The stock's 50 day simple moving average is $9.94 and its 200 day simple moving average is $11.46. The stock has a market cap of $816.66 million, a PE ratio of 27.40 and a beta of 1.46.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NRDS shares. Barclays upped their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. KeyCorp decreased their price target on shares of 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 decreased their target price on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Finally, Citigroup cut their price target on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.