Jefferies Financial Group Inc. Acquires Shares of 67,725 NerdWallet, Inc. (NASDAQ:NRDS)

Jefferies Financial Group Inc. bought a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 67,725 shares of the company's stock, valued at approximately $901,000. Jefferies Financial Group Inc. owned approximately 0.09% of NerdWallet as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers raised 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 valued at $685,000 after purchasing an additional 769 shares in the last quarter. American Century Companies Inc. increased its holdings in NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after buying an additional 1,576 shares during the last quarter. Swiss National Bank raised its stake in NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock valued at $1,045,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC lifted its holdings in NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after buying an additional 2,364 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of NerdWallet by 12.4% during the 4th quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock worth $326,000 after acquiring an additional 2,705 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Down 0.5%

NASDAQ:NRDS traded down $0.06 during mid-day trading on Monday, reaching $11.26. 296,670 shares of the stock were exchanged, compared to its average volume of 549,219. The stock has a market capitalization of $834.46 million, a P/E ratio of 28.15 and a beta of 1.41. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45. The company has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $11.94.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate 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 negative return on equity of 2.08% and a net margin of 4.42%. As a group, research analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NRDS shares. 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 report on Monday, February 24th. Citigroup cut their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. KeyCorp reduced their price objective on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Barclays increased their target price on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average 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.