American Century Companies Inc. Reduces Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

American Century Companies Inc. lessened its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 42.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,691 shares of the company’s stock after selling 14,341 shares during the quarter. American Century Companies Inc.’s holdings in NerdWallet were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NRDS. Pinebridge Investments L.P. grew its holdings in NerdWallet by 76.1% in the 4th quarter. Pinebridge Investments L.P. now owns 74,509 shares of the company’s stock valued at $1,096,000 after buying an additional 32,196 shares during the period. Azora Capital LP grew its holdings in NerdWallet by 23.7% in the 4th quarter. Azora Capital LP now owns 1,054,105 shares of the company’s stock valued at $15,516,000 after buying an additional 202,149 shares during the period. G2 Investment Partners Management LLC purchased a new stake in NerdWallet in the 4th quarter valued at about $2,463,000. Steamboat Capital Partners LLC grew its holdings in shares of NerdWallet by 1.7% during the 1st quarter. Steamboat Capital Partners LLC now owns 242,033 shares of the company’s stock worth $3,558,000 after purchasing an additional 4,030 shares during the period. Finally, Lord Abbett & CO. LLC grew its holdings in shares of NerdWallet by 108.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 926,596 shares of the company’s stock worth $13,621,000 after purchasing an additional 481,958 shares during the period. Hedge funds and other institutional investors own 38.81% of the company’s stock.

Insider Activity

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.01, for a total value of $60,050.00. Following the sale, the vice president now directly owns 2,329,471 shares of the company’s stock, valued at $27,976,946.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 45.93% of the company’s stock.

NerdWallet Stock Up 3.4 %

Shares of NRDS opened at $12.99 on Friday. The business’s 50 day moving average is $12.45 and its two-hundred day moving average is $13.55. NerdWallet, Inc. has a 52-week low of $6.38 and a 52-week high of $17.30. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -76.41 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

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

About NerdWallet

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.