PDT Partners LLC Raises Stock Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

PDT Partners LLC grew its holdings in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 279.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,379 shares of the company's stock after buying an additional 79,809 shares during the period. PDT Partners LLC owned approximately 0.15% of NerdWallet worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NRDS. Topline Capital Management LLC bought a new position in NerdWallet during the 4th quarter valued at about $69,840,000. Quinn Opportunity Partners LLC lifted its position in shares of NerdWallet by 3,324.4% during the fourth quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock worth $11,887,000 after purchasing an additional 867,681 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock valued at $12,083,000 after purchasing an additional 555,329 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of NerdWallet by 153.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company's stock worth $10,197,000 after purchasing an additional 463,758 shares during the last quarter. Finally, Norges Bank bought a new stake in NerdWallet during the 4th quarter valued at about $3,785,000. 38.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lowered their price target on NerdWallet from $14.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Morgan Stanley reduced their price target on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. KeyCorp dropped their price objective on shares of NerdWallet from $18.00 to $14.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Barclays boosted their price objective 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

NerdWallet Trading Up 1.5 %

Shares of NRDS stock traded up $0.13 during trading hours on Tuesday, reaching $8.61. 103,597 shares of the company's stock were exchanged, compared to its average volume of 529,466. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The stock's 50 day moving average is $8.94 and its 200-day moving average is $12.01. The company has a market cap of $637.70 million, a price-to-earnings ratio of 21.55 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $183.80 million during the quarter, compared to analysts' expectations of $168.33 million. Equities analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current year.

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.