Steamboat Capital Partners LLC Sells 204,864 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Steamboat Capital Partners LLC trimmed its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 83.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,000 shares of the company’s stock after selling 204,864 shares during the quarter. Steamboat Capital Partners LLC’s holdings in NerdWallet were worth $532,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Topline Capital Management LLC bought a new stake in NerdWallet in the fourth quarter valued at $69,840,000. Connor Clark & Lunn Investment Management Ltd. grew its position in NerdWallet by 157.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock valued at $12,083,000 after acquiring an additional 555,329 shares during the period. Quinn Opportunity Partners LLC grew its position in NerdWallet by 3,324.4% in the fourth quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company’s stock valued at $11,887,000 after acquiring an additional 867,681 shares during the period. Dimensional Fund Advisors LP grew its position in NerdWallet by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 867,500 shares of the company’s stock valued at $11,537,000 after acquiring an additional 64,366 shares during the period. Finally, Alta Fox Capital Management LLC bought a new stake in NerdWallet in the fourth quarter valued at $10,761,000. 38.81% of the stock is currently owned by institutional investors.

NerdWallet Stock Performance

NerdWallet stock opened at $11.32 on Friday. The firm has a market cap of $838.90 million, a P/E ratio of 28.30 and a beta of 1.41. The business’s fifty day moving average is $9.19 and its two-hundred day moving average is $11.96. NerdWallet, Inc. has a 52 week low of $7.55 and a 52 week high of $16.45.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results 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 negative return on equity of 2.08% and a net margin of 4.42%. The business had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. On average, equities research analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NRDS shares. Barclays upped their price target on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley reduced their price objective on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Citigroup reduced their price objective on NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Finally, KeyCorp reduced their price objective on NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.