nVerses Capital LLC Purchases Shares of 4,900 NerdWallet, Inc. (NASDAQ:NRDS)

nVerses Capital LLC purchased a new position in NerdWallet, Inc. (NASDAQ:NRDS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,900 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in NerdWallet during the second quarter worth about $31,000. Algert Global LLC bought a new stake in shares of NerdWallet in the 2nd quarter worth approximately $196,000. The Manufacturers Life Insurance Company grew its holdings in shares of NerdWallet by 16.9% during the 2nd 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. Cubist Systematic Strategies LLC increased its position in shares of NerdWallet by 11.1% during the second quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock valued at $229,000 after purchasing an additional 1,561 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of NerdWallet in the second quarter valued at $245,000. Institutional investors own 38.81% of the company’s stock.

Insider Buying and Selling

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the business’s 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 transaction, the vice president now owns 2,329,471 shares of the company’s stock, valued at approximately $27,976,946.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 45.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

NerdWallet Stock Performance

Shares of NASDAQ:NRDS opened at $12.12 on Tuesday. The company has a market capitalization of $942.18 million, a PE ratio of -71.29 and a beta of 1.42. The company’s fifty day moving average is $12.41 and its 200-day moving average is $13.34. 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) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $150.60 million for the quarter, compared to the consensus estimate of $149.93 million. During the same period in the prior year, the company posted ($0.14) earnings per share. NerdWallet’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, 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.