Jump Financial LLC Takes Position in NerdWallet, Inc. (NASDAQ:NRDS)

Jump Financial LLC acquired a new position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,076 shares of the company's stock, valued at approximately $799,000. Jump Financial LLC owned about 0.08% of NerdWallet at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NRDS. Rhumbline Advisers increased its stake in NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after acquiring an additional 769 shares during the period. American Century Companies Inc. lifted its position in NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock worth $282,000 after purchasing an additional 1,576 shares during the period. Swiss National Bank boosted its stake in NerdWallet by 2.1% during the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock worth $1,045,000 after buying an additional 1,600 shares in the last quarter. SG Americas Securities LLC increased its holdings in NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after buying an additional 2,364 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of NerdWallet by 41.2% during the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after acquiring an additional 2,800 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. Barclays increased their target price 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.00.

NerdWallet Stock Performance

NRDS traded up $0.05 during midday trading on Friday, hitting $9.13. The company had a trading volume of 229,949 shares, compared to its average volume of 535,158. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The firm's 50-day simple moving average is $9.21 and its 200-day simple moving average is $12.14. The company has a market capitalization of $676.61 million, a PE ratio of 22.83 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The firm had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. As a group, sell-side analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

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.