Marshall Wace LLP Grows Position in NerdWallet, Inc. (NASDAQ:NRDS)

Marshall Wace LLP boosted its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,802 shares of the company’s stock after purchasing an additional 2,070 shares during the period. Marshall Wace LLP owned approximately 0.14% of NerdWallet worth $1,545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NRDS. Vanguard Group Inc. increased its holdings in shares of NerdWallet by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock worth $58,880,000 after buying an additional 432,262 shares during the last quarter. Azora Capital LP increased its stake in NerdWallet by 23.7% during the fourth quarter. Azora Capital LP now owns 1,054,105 shares of the company’s stock worth $15,516,000 after acquiring an additional 202,149 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in NerdWallet by 108.4% during the first quarter. Lord Abbett & CO. LLC now owns 926,596 shares of the company’s stock worth $13,621,000 after acquiring an additional 481,958 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NerdWallet by 12.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock worth $11,239,000 after purchasing an additional 86,376 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of NerdWallet by 18.8% in the 2nd quarter. Renaissance Technologies LLC now owns 251,000 shares of the company’s stock valued at $3,665,000 after purchasing an additional 39,800 shares in the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Insider Activity at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of NerdWallet stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.01, for a total transaction of $60,050.00. Following the sale, the vice president now directly owns 2,329,471 shares in the company, valued at $27,976,946.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 45.93% of the stock is currently owned by company insiders.

NerdWallet Trading Up 3.4 %

NASDAQ NRDS opened at $12.99 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -76.41 and a beta of 1.42. The company’s fifty day simple moving average is $12.45 and its 200-day simple moving average is $13.54. NerdWallet, Inc. has a 52 week low of $6.38 and a 52 week high of $17.30.

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

Wall Street Analyst Weigh In

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

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.