NerdWallet, Inc. (NASDAQ:NRDS) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,600 shares of the company’s stock after buying an additional 1,600 shares during the period. Swiss National Bank’s holdings in NerdWallet were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in shares of NerdWallet by 41.2% during the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock valued at $128,000 after acquiring an additional 2,800 shares in the last quarter. Intech Investment Management LLC purchased a new stake in NerdWallet during the 3rd quarter worth approximately $135,000. Bailard Inc. acquired a new position in NerdWallet during the 4th quarter valued at approximately $160,000. SG Americas Securities LLC raised its holdings 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 worth $216,000 after buying an additional 2,364 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of NerdWallet during the third quarter worth $220,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NRDS has been the topic of several research reports. Morgan Stanley cut 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. Barclays increased their price objective on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Insider Buying and Selling

In related news, insider Samuel Yount sold 440,336 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the sale, the insider now directly owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. This represents a 63.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 45.93% of the stock is owned by corporate insiders.

NerdWallet Price Performance

Shares of NerdWallet stock opened at $9.02 on Friday. The stock has a market cap of $668.45 million, a PE ratio of 22.55 and a beta of 1.39. The firm has a fifty day moving average price of $11.67 and a 200 day moving average price of $12.77. NerdWallet, Inc. has a 1 year low of $8.75 and a 1 year high of $16.45.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. As a group, equities analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current year.

NerdWallet Company Profile

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.