Marshall Wace LLP Acquires Shares of 261,410 NerdWallet, Inc. (NASDAQ:NRDS)

Marshall Wace LLP bought a new position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 261,410 shares of the company's stock, valued at approximately $3,477,000. Marshall Wace LLP owned about 0.36% of NerdWallet as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of NerdWallet in the 4th quarter valued at $80,000. US Bancorp DE raised its position in shares of NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after buying an additional 2,800 shares during the period. AXQ Capital LP acquired a new position in NerdWallet in the fourth quarter valued at $138,000. Bailard Inc. purchased a new stake in NerdWallet during the fourth quarter valued at about $160,000. Finally, SG Americas Securities LLC increased its stake in NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock worth $216,000 after acquiring an additional 2,364 shares during the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Price Performance

NerdWallet stock traded up $0.07 during midday trading on Thursday, hitting $9.03. 43,949 shares of the company were exchanged, compared to its average volume of 529,957. The company has a market cap of $668.82 million, a PE ratio of 22.66 and a beta of 1.41. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The company's fifty day moving average price is $9.06 and its 200-day moving average price is $12.10.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted 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. The company had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. On average, analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NRDS. Morgan Stanley reduced their price objective on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Barclays lifted their price target 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. Finally, Citigroup dropped their price objective on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.