10,354 Shares in NerdWallet, Inc. (NASDAQ:NRDS) Acquired by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,354 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock valued at $12,083,000 after acquiring an additional 555,329 shares during the last quarter. Basswood Capital Management L.L.C. purchased a new stake in shares of NerdWallet during the 3rd quarter valued at about $6,446,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of NerdWallet by 346.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock worth $6,333,000 after purchasing an additional 386,646 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of NerdWallet by 892.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company’s stock worth $2,875,000 after buying an additional 194,387 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in NerdWallet during the third quarter valued at approximately $890,000. 38.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

NRDS has been the topic of several recent research reports. Morgan Stanley decreased their price target on shares of 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 lifted their target price on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.00.

Insiders Place Their Bets

In other news, insider Samuel Yount sold 440,336 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the transaction, the insider now owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. The trade was a 63.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 45.93% of the stock is currently owned by corporate insiders.

NerdWallet Price Performance

Shares of NRDS stock opened at $9.43 on Tuesday. NerdWallet, Inc. has a one year low of $8.75 and a one year high of $16.45. The company’s fifty day moving average price is $12.06 and its 200-day moving average price is $12.85. The company has a market capitalization of $698.84 million, a price-to-earnings ratio of 23.58 and a beta of 1.39.

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

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.