Barclays PLC Has $830,000 Stake in NerdWallet, Inc. (NASDAQ:NRDS)

Barclays PLC raised its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 374.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,277 shares of the company’s stock after acquiring an additional 51,524 shares during the period. Barclays PLC owned about 0.09% of NerdWallet worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new stake in shares of NerdWallet in the third quarter valued at about $516,000. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of NerdWallet in the third quarter valued at about $890,000. State Street Corp lifted its holdings in shares of NerdWallet by 3.7% in the third quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after purchasing an additional 28,785 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of NerdWallet by 11.1% in 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 in the last quarter. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Stock Performance

NRDS opened at $14.23 on Thursday. NerdWallet, Inc. has a 52-week low of $10.10 and a 52-week high of $17.30. The firm has a market capitalization of $1.05 billion, a PE ratio of -101.64 and a beta of 1.32. The business’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $13.36.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The business had revenue of $191.30 million for the quarter, compared to analyst estimates of $168.25 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. NerdWallet’s revenue was up 25.2% on a year-over-year basis. On average, research analysts forecast that NerdWallet, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

NRDS has been the topic of a number of research reports. KeyCorp boosted their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays boosted their price target on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Insider Buying and Selling

In other NerdWallet news, insider Topline Capital Management, Ll acquired 49,722 shares of the company’s stock in a transaction on Monday, October 21st. The shares were purchased at an average price of $12.05 per share, for a total transaction of $599,150.10. Following the completion of the purchase, the insider now directly owns 4,839,090 shares of the company’s stock, valued at approximately $58,311,034.50. This represents a 1.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samuel Yount sold 440,336 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the sale, the insider now owns 254,237 shares in the company, valued at $3,429,657.13. This represents a 63.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 822,353 shares of company stock worth $11,051,439. Corporate 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.