US Bancorp DE Buys 2,800 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

US Bancorp DE boosted its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 41.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,592 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. US Bancorp DE’s holdings in NerdWallet were worth $128,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versor Investments LP bought a new position in shares of NerdWallet during the fourth quarter valued at $669,000. Verition Fund Management LLC bought a new position in shares of NerdWallet during the third quarter valued at $516,000. Point72 Asset Management L.P. bought a new position in shares of NerdWallet during the third quarter valued at $890,000. Barclays PLC raised its stake in shares of NerdWallet by 374.6% during the third quarter. Barclays PLC now owns 65,277 shares of the company’s stock valued at $830,000 after acquiring an additional 51,524 shares during the last quarter. Finally, State Street Corp raised its stake in shares of NerdWallet by 3.7% during the third quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after acquiring an additional 28,785 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NRDS. Barclays raised their price target on shares of NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley dropped their price target on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Insiders Place Their Bets

In other NerdWallet news, insider Samuel Yount sold 3,003 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $13.45, for a total value of $40,390.35. Following the completion of the sale, the insider now directly owns 401,101 shares in the company, valued at approximately $5,394,808.45. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 597,804 shares of company stock worth $8,010,193. 45.93% of the stock is currently owned by company insiders.

NerdWallet Stock Up 2.7 %

Shares of NASDAQ NRDS opened at $9.01 on Monday. NerdWallet, Inc. has a twelve month low of $8.76 and a twelve month high of $16.45. The firm has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $13.01. The company has a market capitalization of $667.71 million, a PE ratio of 22.53 and a beta of 1.39.

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

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.