NerdWallet, Inc. (NASDAQ:NRDS) Shares Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC raised its position in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 3,324.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 893,781 shares of the company's stock after acquiring an additional 867,681 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 1.22% of NerdWallet worth $11,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers grew its position in NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after buying an additional 769 shares during the period. American Century Companies Inc. grew its holdings in shares of NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock valued at $282,000 after purchasing an additional 1,576 shares in the last quarter. Swiss National Bank increased its position in NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock worth $1,045,000 after purchasing an additional 1,600 shares during the last quarter. SG Americas Securities LLC raised its stake in NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after purchasing an additional 2,364 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of NerdWallet by 41.2% in the 4th quarter. US Bancorp DE now owns 9,592 shares of the company's stock worth $128,000 after buying an additional 2,800 shares in the last quarter. 38.81% of the stock is owned by hedge funds and other institutional investors.

NerdWallet Stock Performance

NASDAQ:NRDS traded down $0.15 during midday trading on Wednesday, reaching $8.23. 123,907 shares of the stock traded hands, compared to its average volume of 535,504. The stock has a market capitalization of $609.91 million, a PE ratio of 20.58 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 business has a 50-day moving average of $10.02 and a two-hundred day moving average of $12.35.

NerdWallet (NASDAQ:NRDS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. Research analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays lifted their price target on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Morgan Stanley decreased their price target on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, NerdWallet has an average rating of "Moderate Buy" and an average target price of $17.00.

About NerdWallet

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.