Corebridge Financial Inc. Reduces Stake in NerdWallet, Inc. (NASDAQ:NRDS)

Corebridge Financial Inc. trimmed its position in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,443 shares of the company’s stock after selling 3,684 shares during the quarter. Corebridge Financial Inc.’s holdings in NerdWallet were worth $232,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of NerdWallet during the 4th quarter worth $80,000. AXQ Capital LP purchased a new position in NerdWallet during the 4th quarter valued at about $138,000. American Century Companies Inc. raised its position in NerdWallet by 8.0% during the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company’s stock worth $282,000 after acquiring an additional 1,576 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of NerdWallet in the fourth quarter valued at about $267,000. Finally, Swiss National Bank grew its position in shares of NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company’s stock valued at $1,045,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Price Performance

NASDAQ:NRDS opened at $8.27 on Friday. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45. The firm has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $12.41. The firm has a market cap of $612.87 million, a PE ratio of 20.68 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $183.80 million during the quarter, compared to the consensus estimate of $168.33 million. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. As a group, sell-side analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NRDS has been the subject of several research reports. Barclays lifted their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley cut their price target on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, NerdWallet has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.