Dimensional Fund Advisors LP Has $11.54 Million Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

Dimensional Fund Advisors LP increased its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 867,500 shares of the company's stock after purchasing an additional 64,366 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.18% of NerdWallet worth $11,537,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NRDS. KLP Kapitalforvaltning AS purchased a new stake in shares of NerdWallet during the fourth quarter worth $80,000. US Bancorp DE lifted 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 purchasing an additional 2,800 shares during the last quarter. AXQ Capital LP bought a new position in shares of NerdWallet in the 4th quarter valued at approximately $138,000. Bailard Inc. acquired a new stake in shares of NerdWallet in the 4th quarter valued at $160,000. Finally, SG Americas Securities LLC grew its stake in shares of 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 purchasing an additional 2,364 shares during the period. Hedge funds and other institutional investors own 38.81% of the company's stock.

NerdWallet Stock Performance

Shares of NASDAQ NRDS traded down $0.24 during trading hours on Tuesday, hitting $11.61. 502,569 shares of the stock were exchanged, compared to its average volume of 546,804. The company's fifty day simple moving average is $9.01 and its two-hundred day simple moving average is $11.99. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The company has a market cap of $860.39 million, a PE ratio of 29.03 and a beta of 1.41.

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

Analyst Ratings Changes

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

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.