NerdWallet, Inc. (NASDAQ:NRDS) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 17.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,373 shares of the company’s stock after acquiring an additional 7,837 shares during the period. Rhumbline Advisers owned approximately 0.07% of NerdWallet worth $765,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NRDS. Lord Abbett & CO. LLC boosted its holdings in NerdWallet by 108.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 926,596 shares of the company’s stock valued at $13,621,000 after purchasing an additional 481,958 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NerdWallet by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock valued at $58,880,000 after buying an additional 432,262 shares during the period. Azora Capital LP grew its stake in shares of 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 shares of NerdWallet in the 4th quarter valued at approximately $2,463,000. Finally, Legato Capital Management LLC purchased a new stake in shares of NerdWallet in the 2nd quarter valued at approximately $555,000. Institutional investors and hedge funds own 38.81% of the company’s stock.

Insider Activity at NerdWallet

In related news, VP Samuel Yount sold 5,000 shares of NerdWallet stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the transaction, the vice president now owns 2,329,471 shares in the company, valued at $27,976,946.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 45.93% of the company’s stock.

NerdWallet Stock Performance

NerdWallet stock opened at $12.81 on Tuesday. The company’s 50 day simple moving average is $12.96 and its 200-day simple moving average is $13.71. The company has a market capitalization of $995.82 million, a price-to-earnings ratio of -75.35 and a beta of 1.43. NerdWallet, Inc. has a 1 year low of $6.38 and a 1 year high of $17.30.

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

Analyst Ratings Changes

Several analysts have recently weighed in on NRDS shares. Barclays dropped their price target on shares of NerdWallet from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. 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 note on Thursday, August 1st. Finally, Truist Financial dropped their price target on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

NerdWallet 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.