Quest Partners LLC Sells 10,043 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Quest Partners LLC decreased its position in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 42.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,385 shares of the company’s stock after selling 10,043 shares during the quarter. Quest Partners LLC’s holdings in NerdWallet were worth $195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Olympiad Research LP acquired a new stake in shares of NerdWallet during the fourth quarter valued at about $173,000. Dynamic Technology Lab Private Ltd bought a new position in NerdWallet in the 4th quarter valued at approximately $239,000. Natixis Advisors LLC acquired a new stake in NerdWallet during the 2nd quarter worth approximately $250,000. Los Angeles Capital Management LLC bought a new stake in NerdWallet during the 2nd quarter worth approximately $301,000. Finally, SG Americas Securities LLC acquired a new position in NerdWallet in the 2nd quarter valued at approximately $445,000. Institutional investors own 38.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer cut their price target on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barclays cut their target price on NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Finally, Truist Financial decreased their price target on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, NerdWallet currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Insider Activity at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $14.66, for a total value of $73,300.00. Following the transaction, the vice president now owns 2,341,971 shares in the company, valued at $34,333,294.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 45.93% of the stock is currently owned by corporate insiders.

NerdWallet Stock Performance

NerdWallet stock opened at $12.88 on Monday. The stock’s 50 day moving average price is $13.17 and its two-hundred day moving average price is $13.88. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -75.76 and a beta of 1.43. NerdWallet, Inc. has a 52-week low of $6.38 and a 52-week high of $17.30.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The company had revenue of $150.60 million during the quarter, compared to analyst estimates of $149.93 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that NerdWallet, Inc. will post -0.01 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.