Vontobel Holding Ltd. Sells 17,804 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Vontobel Holding Ltd. trimmed its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,541 shares of the company’s stock after selling 17,804 shares during the period. Vontobel Holding Ltd.’s holdings in NerdWallet were worth $332,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NRDS. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NerdWallet by 112.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock valued at $68,000 after acquiring an additional 4,053 shares during the period. Meeder Asset Management Inc. bought a new stake in NerdWallet in the fourth quarter valued at $110,000. Prudent Man Advisors LLC bought a new stake in NerdWallet in the third quarter valued at $111,000. SG Americas Securities LLC bought a new stake in NerdWallet in the fourth quarter valued at $133,000. Finally, Arizona State Retirement System bought a new stake in NerdWallet in the fourth quarter valued at $151,000. 38.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NRDS has been the topic of a number of analyst reports. Barclays upped their price target on NerdWallet from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. KeyCorp boosted their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Citigroup boosted their price objective on NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Finally, Truist Financial reduced their price objective on NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

NerdWallet Stock Up 3.7 %

Shares of NRDS opened at $13.84 on Wednesday. NerdWallet, Inc. has a 12-month low of $6.38 and a 12-month high of $17.30. The firm has a market capitalization of $1.07 billion, a PE ratio of -86.50 and a beta of 1.39. The stock’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $13.45.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.14). NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The firm had revenue of $133.70 million for the quarter, compared to analyst estimates of $138.43 million. During the same period last year, the company earned $0.12 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. Analysts anticipate that NerdWallet, Inc. will post 0.22 EPS for the current year.

Insider Activity

In related news, VP Samuel Yount sold 6,309 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $16.16, for a total value of $101,953.44. Following the completion of the sale, the vice president now owns 2,350,242 shares in the company, valued at $37,979,910.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 45.93% of the stock is currently owned by insiders.

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.