GSA Capital Partners LLP Has $627,000 Holdings in NerdWallet, Inc. (NASDAQ:NRDS)

GSA Capital Partners LLP lifted its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 138.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,347 shares of the company’s stock after acquiring an additional 28,644 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of NerdWallet worth $627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NRDS. Quarry LP acquired a new stake in NerdWallet during the second quarter worth about $31,000. nVerses Capital LLC acquired a new stake in NerdWallet during the third quarter worth about $62,000. US Bancorp DE acquired a new stake in NerdWallet during the third quarter worth about $86,000. TNF LLC acquired a new stake in NerdWallet during the third quarter worth about $178,000. Finally, Algert Global LLC acquired a new stake in NerdWallet during the second quarter worth about $196,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NRDS. Truist Financial reduced their price objective on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Morgan Stanley increased their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays raised their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Oppenheimer reduced their price target on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, KeyCorp raised their price target on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Price Performance

Shares of NASDAQ NRDS opened at $13.42 on Tuesday. The company has a 50 day simple moving average of $13.02 and a 200 day simple moving average of $13.38. The firm has a market cap of $985.56 million, a PE ratio of -95.85 and a beta of 1.39. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $191.30 million during the quarter, compared to analyst estimates of $168.25 million. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. As a group, research analysts anticipate that NerdWallet, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at NerdWallet

In other news, major shareholder Topline Capital Partners, Lp purchased 412,055 shares of the stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the acquisition, the insider now owns 5,251,145 shares in the company, valued at $59,600,495.75. This trade represents a 8.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Topline Capital Management, Ll purchased 49,722 shares of the stock in a transaction on Monday, October 21st. The shares were purchased at an average price of $12.05 per share, with a total value of $599,150.10. Following the acquisition, the insider now owns 4,839,090 shares in the company, valued at approximately $58,311,034.50. The trade was a 1.04 % increase in their position. The disclosure for this purchase can be found here. 45.93% of the stock is owned by company insiders.

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.