Jacobs Levy Equity Management Inc. Grows Stake in NerdWallet, Inc. (NASDAQ:NRDS)

Jacobs Levy Equity Management Inc. grew its position in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,106 shares of the company’s stock after purchasing an additional 70,862 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.77% of NerdWallet worth $7,569,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of NerdWallet by 556.8% during the 4th quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company’s stock worth $3,206,000 after acquiring an additional 204,326 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NerdWallet by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company’s stock worth $11,537,000 after acquiring an additional 64,366 shares during the last quarter. Jump Financial LLC bought a new stake in shares of NerdWallet during the 4th quarter worth $799,000. Versor Investments LP bought a new stake in shares of NerdWallet during the 4th quarter worth $669,000. Finally, Quinn Opportunity Partners LLC lifted its holdings in shares of NerdWallet by 3,324.4% during the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company’s stock worth $11,887,000 after acquiring an additional 867,681 shares during the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NerdWallet Stock Down 2.0%

NerdWallet stock opened at $11.61 on Wednesday. The company has a market capitalization of $860.39 million, a PE ratio of 29.03 and a beta of 1.41. The firm has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $11.99. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45.

NerdWallet (NASDAQ:NRDS) last posted 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 company had revenue of $183.80 million during the quarter, compared to analyst estimates 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.

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.