NerdWallet, Inc. (NASDAQ:NRDS) Position Increased by PDT Partners LLC

PDT Partners LLC grew its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 279.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,379 shares of the company's stock after purchasing an additional 79,809 shares during the period. PDT Partners LLC owned approximately 0.15% of NerdWallet worth $1,441,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Topline Capital Management LLC purchased a new stake in shares of NerdWallet in the fourth quarter worth about $69,840,000. Quinn Opportunity Partners LLC raised its position in shares of NerdWallet by 3,324.4% in the fourth quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock valued at $11,887,000 after buying an additional 867,681 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company's stock worth $12,083,000 after buying an additional 555,329 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in NerdWallet by 153.1% during 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 period. Finally, Norges Bank purchased a new stake in shares of NerdWallet during the 4th quarter valued at approximately $3,785,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

NerdWallet Price Performance

NASDAQ:NRDS traded up $0.05 on Friday, reaching $9.08. The stock had a trading volume of 317,800 shares, compared to its average volume of 530,996. NerdWallet, Inc. has a 12-month low of $7.55 and a 12-month high of $16.45. The company has a market cap of $672.90 million, a price-to-earnings ratio of 22.70 and a beta of 1.41. The firm's fifty day moving average is $8.98 and its two-hundred day moving average is $12.03.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $168.33 million. As a group, research analysts forecast that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NRDS. Citigroup cut their target price on shares of NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday. Morgan Stanley decreased their price objective on shares of NerdWallet from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Finally, Barclays upped their target price on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research report 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 an average rating of "Moderate Buy" and a consensus target price of $16.00.

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.