NerdWallet, Inc. (NASDAQ:NRDS) Shares Sold by RBF Capital LLC

RBF Capital LLC lowered its holdings in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,000 shares of the company's stock after selling 49,282 shares during the quarter. RBF Capital LLC's holdings in NerdWallet were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NRDS. Quinn Opportunity Partners LLC raised its holdings in shares of NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company's stock valued at $11,887,000 after purchasing an additional 867,681 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NerdWallet by 157.3% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of NerdWallet by 153.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company's stock valued at $10,197,000 after purchasing an additional 463,758 shares in the last quarter. Norges Bank bought a new position in shares of NerdWallet during the 4th quarter worth approximately $3,785,000. Finally, Marshall Wace LLP purchased a new stake in NerdWallet during the fourth quarter valued at approximately $3,477,000. Institutional investors own 38.81% of the company's stock.

NerdWallet Stock Down 0.4 %

Shares of NerdWallet stock traded down $0.04 during trading on Tuesday, reaching $9.06. The company's stock had a trading volume of 64,459 shares, compared to its average volume of 532,488. The company has a market cap of $671.42 million, a price-to-earnings ratio of 22.65 and a beta of 1.41. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The company has a 50-day simple moving average of $9.21 and a two-hundred day simple moving average of $12.14.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting 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. As a group, analysts anticipate that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NRDS shares. 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 report on Monday, February 24th. Barclays raised their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, NerdWallet has an average rating of "Moderate Buy" and a consensus price target 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.