Cubist Systematic Strategies LLC Grows Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

Cubist Systematic Strategies LLC raised its position in NerdWallet, Inc. (NASDAQ:NRDS) by 11.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,671 shares of the company’s stock after buying an additional 1,561 shares during the period. Cubist Systematic Strategies LLC’s holdings in NerdWallet were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of NerdWallet during the second quarter worth about $31,000. Algert Global LLC purchased a new stake in shares of NerdWallet during the second quarter worth about $196,000. The Manufacturers Life Insurance Company increased its stake in shares of NerdWallet by 16.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company’s stock worth $219,000 after purchasing an additional 2,172 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of NerdWallet during the second quarter worth about $245,000. Finally, Meeder Asset Management Inc. increased its stake in shares of NerdWallet by 126.4% during the second quarter. Meeder Asset Management Inc. now owns 16,841 shares of the company’s stock worth $246,000 after purchasing an additional 9,401 shares in the last quarter. Hedge funds and other institutional investors own 38.81% of the company’s stock.

NerdWallet Trading Down 0.1 %

NRDS opened at $11.97 on Tuesday. The firm has a market capitalization of $930.52 million, a PE ratio of -70.41 and a beta of 1.42. NerdWallet, Inc. has a twelve month low of $6.38 and a twelve month high of $17.30. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.42.

NerdWallet (NASDAQ:NRDS) last posted its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 net margin of 1.85% and a negative return on equity of 2.98%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, analysts predict that NerdWallet, Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the transaction, 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 SEC, which is available through the SEC website. 45.93% of the stock is currently owned by company insiders.

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.