Bailard Inc. Takes $160,000 Position in NerdWallet, Inc. (NASDAQ:NRDS)

Bailard Inc. purchased a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,000 shares of the company’s stock, valued at approximately $160,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NRDS. Geode Capital Management LLC raised its position in NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock worth $11,751,000 after buying an additional 19,330 shares during the last quarter. State Street Corp raised its holdings in NerdWallet by 3.7% during the third quarter. State Street Corp now owns 799,521 shares of the company’s stock worth $10,162,000 after purchasing an additional 28,785 shares in the last quarter. Basswood Capital Management L.L.C. acquired a new stake in NerdWallet in the third quarter valued at about $6,446,000. Jacobs Levy Equity Management Inc. lifted its position in NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NerdWallet by 32.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock valued at $4,488,000 after purchasing an additional 86,029 shares in the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NerdWallet news, insider Samuel Yount sold 440,336 shares of NerdWallet stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.49, for a total transaction of $5,940,132.64. Following the completion of the transaction, the insider now owns 254,237 shares in the company, valued at approximately $3,429,657.13. The trade was a 63.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 810,497 shares of company stock worth $10,884,981 in the last three months. Corporate insiders own 45.93% of the company’s stock.

NerdWallet Trading Down 0.9 %

NRDS stock opened at $9.81 on Thursday. The firm has a 50 day moving average of $13.34 and a 200-day moving average of $13.18. The company has a market cap of $727.00 million, a price-to-earnings ratio of 24.53 and a beta of 1.33. NerdWallet, Inc. has a 12-month low of $9.65 and a 12-month high of $16.79.

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

Analyst Ratings Changes

NRDS has been the subject of a number of analyst reports. Morgan Stanley cut their target price 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. Barclays increased 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. One 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.