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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 69.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,102 shares of the company's stock after purchasing an additional 38,070 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of NerdWallet worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of NerdWallet by 1.5% during the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock worth $685,000 after buying an additional 769 shares during the period. American Century Companies Inc. raised its stake in NerdWallet by 8.0% during the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock worth $282,000 after acquiring an additional 1,576 shares in the last quarter. Swiss National Bank lifted its holdings in shares of NerdWallet by 2.1% during the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock valued at $1,045,000 after acquiring an additional 1,600 shares during the period. MetLife Investment Management LLC boosted its stake in shares of NerdWallet by 12.4% in the 4th quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock valued at $326,000 after purchasing an additional 2,705 shares in the last quarter. Finally, US Bancorp DE boosted its stake 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 purchasing an additional 2,800 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NRDS has been the subject of a number of recent analyst reports. Citigroup dropped their target price 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. KeyCorp dropped their price objective on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley cut 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 increased their price target on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

NerdWallet Trading Up 2.1%

Shares of NerdWallet stock traded up $0.23 during midday trading on Friday, reaching $10.97. The company had a trading volume of 182,307 shares, compared to its average volume of 556,470. The stock has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $11.48. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The company has a market capitalization of $817.26 million, a price-to-earnings ratio of 27.40 and a beta of 1.46.

About NerdWallet

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.