Vontobel Holding Ltd. Sells 17,804 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Vontobel Holding Ltd. lessened its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 44.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,541 shares of the company’s stock after selling 17,804 shares during the period. Vontobel Holding Ltd.’s holdings in NerdWallet were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NerdWallet by 32.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,407 shares of the company’s stock valued at $227,000 after purchasing an additional 3,796 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NerdWallet by 112.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock valued at $68,000 after purchasing an additional 4,053 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of NerdWallet by 21.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 26,514 shares of the company’s stock valued at $236,000 after purchasing an additional 4,649 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of NerdWallet in the 4th quarter valued at $110,000. Finally, Steamboat Capital Partners LLC increased its stake in shares of NerdWallet by 1.9% in the 3rd quarter. Steamboat Capital Partners LLC now owns 442,761 shares of the company’s stock valued at $3,936,000 after purchasing an additional 8,215 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NRDS shares. KeyCorp lifted 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. Citigroup lifted their price target on NerdWallet from $11.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Truist Financial cut their price objective on NerdWallet from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, Barclays raised their price objective on NerdWallet from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

NerdWallet Stock Up 3.7 %

NASDAQ NRDS opened at $13.84 on Wednesday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -86.50 and a beta of 1.39. NerdWallet, Inc. has a twelve month low of $6.38 and a twelve month high of $17.30. The business’s fifty day moving average is $15.24 and its 200 day moving average is $13.45.

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

Insiders Place Their Bets

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 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 document filed with the Securities & Exchange Commission, which can be accessed 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.