Raymond James Financial Services Advisors Inc. Acquires Shares of 13,928 NerdWallet, Inc. (NASDAQ:NRDS)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,928 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in NerdWallet during the fourth quarter valued at approximately $133,000. Vanguard Group Inc. raised its stake in NerdWallet by 5.6% during the third quarter. Vanguard Group Inc. now owns 3,526,688 shares of the company’s stock valued at $31,352,000 after buying an additional 187,422 shares in the last quarter. Steamboat Capital Partners LLC raised its stake in NerdWallet by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 442,761 shares of the company’s stock valued at $3,936,000 after buying an additional 8,215 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NerdWallet by 70.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,159 shares of the company’s stock worth $1,415,000 after purchasing an additional 65,931 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in shares of NerdWallet by 23.5% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 1,228,046 shares of the company’s stock worth $10,917,000 after purchasing an additional 233,975 shares during the period. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Price Performance

NRDS opened at $13.76 on Thursday. NerdWallet, Inc. has a 12 month low of $6.38 and a 12 month high of $17.30. The stock has a market cap of $1.06 billion, a P/E ratio of -86.49 and a beta of 1.39. The stock’s 50 day moving average price is $15.21 and its 200 day moving average price is $13.49.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The firm had revenue of $133.70 million for the quarter, compared to the consensus estimate of $138.43 million. NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. Equities analysts anticipate that NerdWallet, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays increased their price target on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Truist Financial dropped their price target on NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. KeyCorp increased their price target on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, Citigroup increased their price target on NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Insider Buying and Selling at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 6,309 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $16.16, for a total transaction of $101,953.44. Following the completion of the transaction, the vice president now directly owns 2,350,242 shares of the company’s stock, valued at approximately $37,979,910.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 45.93% of the stock is currently owned by corporate 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.