Tower Research Capital LLC TRC Sells 2,303 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Tower Research Capital LLC TRC lessened its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 42.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,069 shares of the company’s stock after selling 2,303 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NerdWallet were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NRDS. KLP Kapitalforvaltning AS bought a new stake in shares of NerdWallet in the fourth quarter valued at about $80,000. US Bancorp DE boosted its position in shares of NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock valued at $128,000 after acquiring an additional 2,800 shares during the period. AXQ Capital LP bought a new stake in shares of NerdWallet in the fourth quarter valued at about $138,000. Bailard Inc. bought a new stake in shares of NerdWallet in the fourth quarter valued at about $160,000. Finally, SG Americas Securities LLC boosted its position in shares of NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after acquiring an additional 2,364 shares during the period. Institutional investors own 38.81% of the company’s stock.

NerdWallet Stock Down 2.0%

NRDS stock opened at $11.61 on Wednesday. The company has a market cap of $860.39 million, a PE ratio of 29.03 and a beta of 1.41. The business has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $11.99. NerdWallet, Inc. has a 52 week low of $7.55 and a 52 week high of $16.45.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm 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%. On average, analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

NRDS has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. KeyCorp dropped their price target on NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Morgan Stanley dropped their price target on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Finally, Barclays boosted their price target on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

NerdWallet Company 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.