State of Wyoming Has $219,000 Stake in NerdWallet, Inc. (NASDAQ:NRDS)
A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in NerdWallet by 1.5% during the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock worth $685,000 after buying an additional 769 shares during the last quarter. American Century Companies Inc. increased its holdings in NerdWallet by 8.0% during the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company’s stock worth $282,000 after buying an additional 1,576 shares during the last quarter. Swiss National Bank increased its holdings in NerdWallet by 2.1% during 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 last quarter. SG Americas Securities LLC increased its holdings in NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock worth $216,000 after buying an additional 2,364 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in NerdWallet by 12.4% during the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company’s stock worth $326,000 after buying an additional 2,705 shares during the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:NRDS opened at $10.52 on Friday. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45. The company has a market cap of $783.88 million, a P/E ratio of 26.30 and a beta of 1.41. The firm’s fifty day moving average price is $9.38 and its two-hundred day moving average price is $11.80.
NerdWallet (NASDAQ:NRDS – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The business had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. As a group, equities research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current year.
A number of brokerages recently weighed in on NRDS. KeyCorp lowered their target price on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Citigroup decreased their price objective on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Barclays upped their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, Morgan Stanley decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.00.
Check Out Our Latest Report on NRDS
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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