Geode Capital Management LLC Has $10.99 Million Stake in NerdWallet, Inc. (NASDAQ:NRDS)

Geode Capital Management LLC cut its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 825,884 shares of the company's stock after selling 98,539 shares during the quarter. Geode Capital Management LLC owned about 1.12% of NerdWallet worth $10,987,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NRDS. JPMorgan Chase & Co. grew its stake in shares of NerdWallet by 556.8% in the fourth quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company's stock valued at $3,206,000 after acquiring an additional 204,326 shares in the last quarter. Versor Investments LP acquired a new position in shares of NerdWallet in the fourth quarter valued at about $669,000. US Bancorp DE grew its stake in shares of 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 acquiring an additional 2,800 shares in the last quarter. Barclays PLC grew its stake in NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company's stock worth $830,000 after buying an additional 51,524 shares in the last quarter. Finally, Norges Bank acquired a new stake in NerdWallet during the fourth quarter worth about $3,785,000. 38.81% of the stock is currently owned by institutional investors.

NerdWallet Price Performance

NASDAQ NRDS traded down $0.03 during trading hours on Monday, reaching $9.10. The company's stock had a trading volume of 326,282 shares, compared to its average volume of 534,323. The firm has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $12.14. The stock has a market cap of $674.38 million, a P/E ratio of 22.75 and a beta of 1.41. NerdWallet, Inc. has a 52 week low of $7.55 and a 52 week high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The business had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. On average, research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NRDS. Barclays increased their price objective 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. Morgan Stanley dropped their target price on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

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.