Vanguard Group Inc. Sells 242,124 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Vanguard Group Inc. reduced its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,829,918 shares of the company's stock after selling 242,124 shares during the quarter. Vanguard Group Inc. owned about 5.22% of NerdWallet worth $50,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NerdWallet by 157.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock worth $12,083,000 after acquiring an additional 555,329 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in NerdWallet by 892.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company's stock worth $2,875,000 after buying an additional 194,387 shares during the last quarter. Barclays PLC grew its position in NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company's stock valued at $830,000 after acquiring an additional 51,524 shares during the last quarter. Versor Investments LP purchased a new position in shares of NerdWallet during the fourth quarter worth approximately $669,000. Finally, State Street Corp boosted its stake in shares of NerdWallet by 3.7% in the 3rd quarter. State Street Corp now owns 799,521 shares of the company's stock valued at $10,162,000 after purchasing an additional 28,785 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. 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 boosted their price objective on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NerdWallet has an average rating of "Moderate Buy" and an average price target of $17.00.

NerdWallet Stock Performance

Shares of NRDS traded down $0.05 on Thursday, hitting $8.26. 54,945 shares of the stock traded hands, compared to its average volume of 589,947. The business has a 50 day simple moving average of $9.91 and a 200 day simple moving average of $12.32. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45. The company has a market capitalization of $611.76 million, a PE ratio of 20.61 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company 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%. On average, equities 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.