Jefferies Financial Group Inc. Invests $901,000 in NerdWallet, Inc. (NASDAQ:NRDS)

Jefferies Financial Group Inc. acquired a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 67,725 shares of the company’s stock, valued at approximately $901,000. Jefferies Financial Group Inc. owned 0.09% of NerdWallet at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of NerdWallet during the fourth quarter worth $80,000. US Bancorp DE increased its position in shares of NerdWallet by 41.2% during the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after acquiring an additional 2,800 shares during the period. AXQ Capital LP purchased a new stake in shares of NerdWallet during the fourth quarter worth $138,000. Bailard Inc. purchased a new stake in shares of NerdWallet during the fourth quarter worth $160,000. Finally, SG Americas Securities LLC increased its position in shares of NerdWallet by 17.0% during the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock worth $216,000 after acquiring an additional 2,364 shares during the period. Hedge funds and other institutional investors own 38.81% of the company’s stock.

NerdWallet Price Performance

NASDAQ NRDS opened at $11.33 on Friday. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45. The company has a market capitalization of $839.64 million, a PE ratio of 28.33 and a beta of 1.41. The company has a fifty day moving average of $9.15 and a two-hundred day moving average of $11.98.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $168.33 million. On average, research analysts expect that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

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

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.