UBS Group AG Has $6.63 Million Holdings in NerdWallet, Inc. $NRDS

UBS Group AG boosted its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 52.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 489,591 shares of the company’s stock after acquiring an additional 167,954 shares during the quarter. UBS Group AG’s holdings in NerdWallet were worth $6,634,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new position in NerdWallet during the 3rd quarter worth $2,812,000. Arrowstreet Capital Limited Partnership boosted its holdings in NerdWallet by 26.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,133,790 shares of the company’s stock worth $12,200,000 after acquiring an additional 234,691 shares during the last quarter. Millennium Management LLC boosted its holdings in NerdWallet by 23.9% during the 1st quarter. Millennium Management LLC now owns 867,113 shares of the company’s stock worth $7,847,000 after acquiring an additional 166,984 shares during the last quarter. Kent Lake PR LLC boosted its holdings in NerdWallet by 115.6% during the 2nd quarter. Kent Lake PR LLC now owns 275,000 shares of the company’s stock worth $3,017,000 after acquiring an additional 147,466 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in NerdWallet by 161.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 229,491 shares of the company’s stock worth $2,469,000 after acquiring an additional 141,659 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

NRDS has been the topic of a number of analyst reports. Truist Financial cut their price objective on shares of NerdWallet from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, May 11th. KeyCorp cut their price objective on shares of NerdWallet from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Morgan Stanley downgraded shares of NerdWallet from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $14.00 to $9.00 in a report on Friday, March 13th. Citigroup cut their price target on shares of NerdWallet from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NerdWallet in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, NerdWallet currently has an average rating of “Hold” and an average price target of $12.83.

NerdWallet Stock Performance

Shares of NASDAQ:NRDS opened at $8.10 on Wednesday. The company’s 50-day moving average is $10.14 and its 200 day moving average is $11.90. The company has a market capitalization of $532.98 million, a P/E ratio of 8.71 and a beta of 1.34. NerdWallet, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $16.24.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $222.20 million for the quarter, compared to the consensus estimate of $227.63 million. NerdWallet had a net margin of 8.11% and a return on equity of 18.33%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts predict that NerdWallet, Inc. will post 0.85 earnings per share for the current year.

Insider Transactions at NerdWallet

In other NerdWallet news, insider Samuel Yount sold 71,988 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $10.32, for a total transaction of $742,916.16. Following the sale, the insider directly owned 173,973 shares of the company’s stock, valued at $1,795,401.36. This represents a 29.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicholas Tatum sold 10,151 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $11.45, for a total transaction of $116,228.95. Following the transaction, the chief accounting officer owned 47,202 shares of the company’s stock, valued at $540,462.90. This represents a 17.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 86,043 shares of company stock worth $901,317 over the last three months. 52.75% of the stock is owned by insiders.

NerdWallet Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.