NerdWallet, Inc. (NASDAQ:NRDS) Stock Position Lifted by Deutsche Bank AG
Deutsche Bank AG boosted its position in shares of NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 526.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,953 shares of the company's stock after purchasing an additional 111,743 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of NerdWallet worth $1,768,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of NRDS. Rhumbline Advisers lifted its position in shares of NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after acquiring an additional 769 shares in the last quarter. American Century Companies Inc. lifted its position 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 acquiring an additional 1,576 shares in the last quarter. Swiss National Bank lifted its position in shares of NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company's stock valued at $1,045,000 after acquiring an additional 1,600 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of NerdWallet by 17.0% in 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 in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of NerdWallet by 12.4% in the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company's stock valued at $326,000 after acquiring an additional 2,705 shares in the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. Citigroup reduced their price objective on NerdWallet from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. KeyCorp dropped their target price on NerdWallet from $18.00 to $14.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Barclays increased their target price on NerdWallet from $17.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley reduced their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, NerdWallet currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Check Out Our Latest Analysis on NRDS
Shares of NerdWallet stock traded down $0.19 during trading hours on Monday, reaching $10.52. The stock had a trading volume of 243,338 shares, compared to its average volume of 552,037. The firm has a 50 day simple moving average of $9.41 and a two-hundred day simple moving average of $11.74. The firm has a market capitalization of $783.88 million, a price-to-earnings ratio of 26.30 and a beta of 1.41. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45.
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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