Jacobs Levy Equity Management Inc. lifted its position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 569,106 shares of the company's stock after acquiring an additional 70,862 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.77% of NerdWallet worth $7,569,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Topline Capital Management LLC bought a new stake in NerdWallet in the 4th quarter worth approximately $69,840,000. Quinn Opportunity Partners LLC grew its position in NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock worth $11,887,000 after purchasing an additional 867,681 shares during the period. Alta Fox Capital Management LLC bought a new stake in NerdWallet in the 4th quarter worth approximately $10,761,000. Connor Clark & Lunn Investment Management Ltd. grew its position in NerdWallet by 157.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock worth $12,083,000 after purchasing an additional 555,329 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in NerdWallet by 153.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company's stock worth $10,197,000 after purchasing an additional 463,758 shares during the period. Institutional investors own 38.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on NRDS shares. Morgan Stanley reduced their price objective on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Citigroup reduced their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. KeyCorp reduced their price objective on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Barclays upped their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, NerdWallet has an average rating of "Moderate Buy" and a consensus price target of $15.00.
View Our Latest Report on NRDS
NerdWallet Trading Down 0.1%
Shares of NASDAQ:NRDS traded down $0.01 on Friday, hitting $11.32. 311,400 shares of the company were exchanged, compared to its average volume of 548,760. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The stock's 50 day moving average price is $9.19 and its 200 day moving average price is $11.98. The firm has a market capitalization of $838.90 million, a P/E ratio of 28.30 and a beta of 1.41.
NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $183.80 million during the quarter, compared to the consensus estimate of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. On average, equities analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.
NerdWallet Company Profile
(
Free Report)
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.
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