SG Americas Securities LLC Acquires New Stake in NerdWallet, Inc. (NASDAQ:NRDS)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in NerdWallet by 5.6% in the third quarter. Vanguard Group Inc. now owns 3,526,688 shares of the company’s stock valued at $31,352,000 after purchasing an additional 187,422 shares during the period. Deutsche Bank AG increased its holdings in NerdWallet by 17.8% in the third 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. Royal Bank of Canada increased its holdings in NerdWallet by 383.0% in the third quarter. Royal Bank of Canada now owns 137,489 shares of the company’s stock valued at $1,222,000 after purchasing an additional 109,023 shares during the period. Legal & General Group Plc increased its holdings in NerdWallet by 10.1% in the third quarter. Legal & General Group Plc now owns 26,022 shares of the company’s stock valued at $231,000 after purchasing an additional 2,379 shares during the period. Finally, Steamboat Capital Partners LLC grew its holdings in NerdWallet by 1.9% during the 3rd quarter. Steamboat Capital Partners LLC now owns 442,761 shares of the company’s stock worth $3,936,000 after acquiring an additional 8,215 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp increased their price target on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. TheStreet upgraded NerdWallet from a “d+” rating to a “c-” rating in a report on Thursday, December 21st. Barclays increased their price target on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Truist Financial decreased their price target on NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, Citigroup increased their price target on NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, NerdWallet currently has an average rating of “Moderate Buy” and an average price target of $16.50.

NerdWallet Price Performance

NRDS stock opened at $13.35 on Thursday. The stock has a market capitalization of $1.03 billion, a PE ratio of -83.43 and a beta of 1.39. The company’s 50-day moving average is $15.38 and its 200-day moving average is $13.32. NerdWallet, Inc. has a 1 year low of $6.38 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS) last released 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 company had revenue of $133.70 million for 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%. NerdWallet’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, analysts anticipate that NerdWallet, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 6,309 shares of NerdWallet stock in a transaction dated 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 owns 2,350,242 shares in the company, valued at approximately $37,979,910.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.