SG Americas Securities LLC Takes $133,000 Position in NerdWallet, Inc. (NASDAQ:NRDS)

SG Americas Securities LLC acquired a new position in NerdWallet, Inc. (NASDAQ:NRDS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,012 shares of the company’s stock, valued at approximately $133,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of NerdWallet by 8.7% during the fourth quarter. JPMorgan Chase & Co. now owns 15,223 shares of the company’s stock worth $146,000 after acquiring an additional 1,224 shares during the last quarter. Rhumbline Advisers increased its position in NerdWallet by 5.7% in the first quarter. Rhumbline Advisers now owns 34,546 shares of the company’s stock worth $559,000 after purchasing an additional 1,878 shares during the period. Legal & General Group Plc raised its holdings in NerdWallet by 10.1% during the 3rd quarter. Legal & General Group Plc now owns 26,022 shares of the company’s stock worth $231,000 after purchasing an additional 2,379 shares during the last quarter. Deutsche Bank AG lifted its position in NerdWallet by 17.8% during the 3rd quarter. Deutsche Bank AG now owns 16,737 shares of the company’s stock valued at $149,000 after purchasing an additional 2,531 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NerdWallet by 29.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,050 shares of the company’s stock valued at $132,000 after purchasing an additional 3,220 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

NerdWallet Price Performance

NASDAQ:NRDS opened at $13.35 on Thursday. The business’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $13.32. NerdWallet, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $17.30. The stock has a market capitalization of $1.03 billion, a PE ratio of -83.43 and a beta of 1.39.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NRDS shares. Citigroup increased their price objective on shares of NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Barclays lifted their price objective on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. TheStreet upgraded NerdWallet from a “d+” rating to a “c-” rating in a report on Thursday, December 21st. KeyCorp upped their price target on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Finally, Truist Financial reduced their price objective on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Insider Transactions at NerdWallet

In related news, VP Samuel Yount sold 6,309 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.16, for a total transaction of $101,953.44. Following the transaction, the vice president now directly owns 2,350,242 shares in the company, valued at $37,979,910.72. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 45.93% of the company’s stock.

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.