US Bancorp DE Purchases 2,800 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

US Bancorp DE increased its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 41.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,592 shares of the company’s stock after purchasing an additional 2,800 shares during the period. US Bancorp DE’s holdings in NerdWallet were worth $128,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NRDS. Rhumbline Advisers grew its holdings in NerdWallet by 1.5% during the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock worth $685,000 after acquiring an additional 769 shares during the period. Los Angeles Capital Management LLC boosted its stake in NerdWallet by 5.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,785 shares of the company’s stock worth $277,000 after purchasing an additional 1,190 shares during the period. SG Americas Securities LLC boosted its stake in NerdWallet by 17.0% in the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock worth $216,000 after purchasing an additional 2,364 shares during the period. Charles Schwab Investment Management Inc. lifted its position in NerdWallet by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 329,444 shares of the company’s stock worth $4,187,000 after buying an additional 5,209 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in NerdWallet during the 3rd quarter worth about $135,000. Institutional investors own 38.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley decreased their price target on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NerdWallet has an average rating of “Moderate Buy” and a consensus price target of $17.00.

NerdWallet Stock Up 2.7 %

Shares of NASDAQ:NRDS opened at $9.01 on Monday. The company’s 50 day moving average price is $12.68 and its two-hundred day moving average price is $13.01. NerdWallet, Inc. has a 12-month low of $8.76 and a 12-month high of $16.45. The firm has a market cap of $667.71 million, a PE ratio of 22.53 and a beta of 1.39.

NerdWallet (NASDAQ:NRDS) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. On average, research analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current year.

Insider Activity at NerdWallet

In related news, insider Samuel Yount sold 3,003 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $13.45, for a total value of $40,390.35. Following the completion of the transaction, the insider now owns 401,101 shares of the company’s stock, valued at $5,394,808.45. This represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 597,804 shares of company stock valued at $8,010,193 in the last quarter. Insiders own 45.93% of the company’s stock.

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.