Dimensional Fund Advisors LP Boosts Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

Dimensional Fund Advisors LP boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867,500 shares of the company's stock after buying an additional 64,366 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of NerdWallet worth $11,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in NerdWallet during the 4th quarter worth approximately $80,000. US Bancorp DE grew its holdings in shares of NerdWallet by 41.2% during the fourth quarter. US Bancorp DE now owns 9,592 shares of the company's stock valued at $128,000 after buying an additional 2,800 shares during the last quarter. AXQ Capital LP acquired a new position in shares of NerdWallet in the 4th quarter valued at $138,000. Bailard Inc. purchased a new position in NerdWallet in the 4th quarter worth $160,000. Finally, SG Americas Securities LLC lifted its position 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 acquiring an additional 2,364 shares during the period. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Trading Down 1.9%

NerdWallet stock traded down $0.23 during mid-day trading on Thursday, hitting $11.36. The company had a trading volume of 53,119 shares, compared to its average volume of 546,129. The company has a market capitalization of $841.50 million, a price-to-earnings ratio of 28.35 and a beta of 1.41. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.45. The company's fifty day moving average is $9.10 and its 200-day moving average is $11.98.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NRDS. KeyCorp reduced their price objective on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Citigroup reduced their price target on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their price objective on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Finally, Barclays raised their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.00.

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.