D. E. Shaw & Co. Inc. Has $5.03 Million Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

D. E. Shaw & Co. Inc. raised its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,091 shares of the company’s stock after purchasing an additional 59,811 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in NerdWallet were worth $5,029,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of NerdWallet in the 4th quarter worth about $80,000. US Bancorp DE lifted its holdings in shares of NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock valued at $128,000 after purchasing an additional 2,800 shares in the last quarter. AXQ Capital LP bought a new position in shares of NerdWallet in the fourth quarter valued at approximately $138,000. Bailard Inc. bought a new stake in NerdWallet during the fourth quarter worth $160,000. Finally, SG Americas Securities LLC raised its position in NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after buying an additional 2,364 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Stock Performance

NRDS opened at $11.32 on Friday. NerdWallet, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.45. The firm has a 50-day moving average of $9.19 and a 200 day moving average of $11.98. The firm has a market cap of $838.90 million, a P/E ratio of 28.30 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

NRDS has been the subject of several recent analyst reports. Barclays upped their target price on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. KeyCorp reduced their price objective on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Citigroup dropped their target price on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, 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 note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

NerdWallet 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.