Renaissance Technologies LLC Acquires 246,009 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Renaissance Technologies LLC lifted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 49.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,909 shares of the company’s stock after buying an additional 246,009 shares during the quarter. Renaissance Technologies LLC owned about 1.01% of NerdWallet worth $9,881,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley reduced their price target on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, NerdWallet has an average rating of “Moderate Buy” and an average target price of $17.00.

NerdWallet Trading Down 1.0 %

NRDS stock opened at $8.30 on Thursday. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The stock has a market cap of $615.10 million, a price-to-earnings ratio of 20.75 and a beta of 1.41. The company’s 50 day moving average is $9.91 and its 200 day moving average is $12.32.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The firm had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. As a group, sell-side analysts forecast that NerdWallet, Inc. will post 0.36 EPS 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.