Jump Financial LLC Purchases New Position in NerdWallet, Inc. (NASDAQ:NRDS)

Jump Financial LLC purchased a new stake in NerdWallet, Inc. (NASDAQ:NRDS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 60,076 shares of the company’s stock, valued at approximately $799,000. Jump Financial LLC owned 0.08% of NerdWallet as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NRDS. State Street Corp increased 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 worth $10,162,000 after purchasing an additional 28,785 shares during the period. Barclays PLC increased its position in NerdWallet by 374.6% during the 3rd quarter. Barclays PLC now owns 65,277 shares of the company’s stock worth $830,000 after buying an additional 51,524 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NerdWallet by 2.1% during the third 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 in the last quarter. SG Americas Securities LLC boosted its position in shares of NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after acquiring an additional 2,364 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock valued at $685,000 after acquiring an additional 769 shares in the last quarter. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Trading Down 1.4 %

Shares of NerdWallet stock opened at $8.42 on Tuesday. The company has a market cap of $623.99 million, a PE ratio of 21.05 and a beta of 1.41. The company has a 50 day moving average of $9.60 and a 200-day moving average of $12.23. NerdWallet, Inc. has a 1-year low of $7.55 and a 1-year high of $16.45.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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 research note on Monday, February 24th. Barclays boosted their price target on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.