Vanguard Group Inc. lessened its holdings in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,829,918 shares of the company's stock after selling 242,124 shares during the quarter. Vanguard Group Inc. owned approximately 5.22% of NerdWallet worth $50,938,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of NerdWallet by 1.5% in the 4th 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. lifted its holdings in shares of NerdWallet by 8.0% in the 4th quarter. American Century Companies Inc. now owns 21,237 shares of the company's stock worth $282,000 after purchasing an additional 1,576 shares during 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 buying an additional 1,600 shares during the period. SG Americas Securities LLC boosted its holdings 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 valued at $216,000 after acquiring an additional 2,364 shares during the period. Finally, US Bancorp DE increased its holdings 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 acquiring an additional 2,800 shares during the period. Institutional investors own 38.81% of the company's stock.

NASDAQ:NRDS opened at $8.27 on Friday. The business's 50-day moving average price is $10.26 and its 200 day moving average price is $12.41. The firm has a market cap of $612.87 million, a P/E ratio of 20.68 and a beta of 1.41. NerdWallet, Inc. has a 52-week low of $7.55 and a 52-week high of $16.45.

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

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Morgan Stanley cut their price objective 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.00.

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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.

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