Centaurus Financial Inc. Purchases Shares of 34,779 NerdWallet, Inc. (NASDAQ:NRDS)

Centaurus Financial Inc. acquired a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,779 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NRDS. JPMorgan Chase & Co. bought a new stake in NerdWallet during the first quarter valued at about $58,000. Quantbot Technologies LP bought a new position in NerdWallet in the 1st quarter worth approximately $63,000. American International Group Inc. bought a new stake in shares of NerdWallet in the second quarter valued at approximately $95,000. UBS Group AG grew its stake in shares of NerdWallet by 762.6% in the second quarter. UBS Group AG now owns 14,061 shares of the company’s stock worth $111,000 after acquiring an additional 12,431 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC acquired a new position in NerdWallet during the 3rd quarter valued at $126,000. 31.22% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Up 3.7 %

Shares of NRDS opened at $17.43 on Friday. The company has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $12.38. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -102.52 and a beta of 1.82. NerdWallet, Inc. has a 12 month low of $7.07 and a 12 month high of $21.74.

Analysts Set New Price Targets

Several analysts have issued reports on NRDS shares. William Blair restated an “outperform” rating on shares of NerdWallet in a research report on Wednesday, January 4th. Morgan Stanley upped their price target on NerdWallet from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. KeyCorp lifted their price objective on NerdWallet from $18.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 2nd. Finally, Barclays upped their target price on NerdWallet from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th.

Insider Transactions at NerdWallet

In related news, insider Kevin Yuann sold 6,526 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $10.23, for a total value of $66,760.98. Following the sale, the insider now owns 199,664 shares of the company’s stock, valued at approximately $2,042,562.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 11,333 shares of company stock valued at $165,588. Corporate insiders own 49.56% of the company’s stock.

About NerdWallet

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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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.