67,725 Shares in NerdWallet, Inc. (NASDAQ:NRDS) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 67,725 shares of the company's stock, valued at approximately $901,000. Jefferies Financial Group Inc. owned about 0.09% of NerdWallet as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Deutsche Bank AG increased its position in NerdWallet by 526.8% during the fourth quarter. Deutsche Bank AG now owns 132,953 shares of the company's stock worth $1,768,000 after buying an additional 111,743 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of NerdWallet by 18.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 378,091 shares of the company's stock worth $5,029,000 after acquiring an additional 59,811 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of NerdWallet by 330.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 225,310 shares of the company's stock valued at $2,997,000 after acquiring an additional 173,027 shares during the period. Bayesian Capital Management LP purchased a new stake in NerdWallet in the 4th quarter valued at $482,000. Finally, BNP Paribas Financial Markets acquired a new stake in NerdWallet during the 4th quarter worth $2,367,000. 38.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NRDS shares. Barclays raised their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. KeyCorp lowered their price target on NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. 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. Finally, Citigroup lowered their target price on NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, NerdWallet currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

NerdWallet Stock Performance

NASDAQ:NRDS traded down $0.18 during mid-day trading on Wednesday, reaching $10.81. The stock had a trading volume of 47,505 shares, compared to its average volume of 547,906. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The business has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $11.91. The firm has a market capitalization of $805.19 million, a price-to-earnings ratio of 27.03 and a beta of 1.41.

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

NerdWallet 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.