Raymond James Financial Services Advisors Inc. Acquires Shares of 13,928 NerdWallet, Inc. (NASDAQ:NRDS)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) during the fourth quarter, Holdings Channel reports. The firm acquired 13,928 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of NRDS. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NerdWallet by 112.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock valued at $68,000 after acquiring an additional 4,053 shares during the last quarter. Prudent Man Advisors LLC bought a new position in shares of NerdWallet in the third quarter valued at approximately $111,000. FMR LLC raised its stake in shares of NerdWallet by 88.7% in the third quarter. FMR LLC now owns 3,486,387 shares of the company’s stock valued at $30,994,000 after acquiring an additional 1,638,515 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in NerdWallet by 23.5% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 1,228,046 shares of the company’s stock worth $10,917,000 after purchasing an additional 233,975 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in NerdWallet by 70.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,159 shares of the company’s stock worth $1,415,000 after purchasing an additional 65,931 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NRDS shares. KeyCorp boosted their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Barclays boosted their price objective on shares of NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Truist Financial dropped their price objective on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Citigroup boosted their price objective on shares of NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

NerdWallet Stock Performance

NRDS opened at $13.76 on Thursday. The company has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $13.49. NerdWallet, Inc. has a 52 week low of $6.38 and a 52 week high of $17.30. The firm has a market capitalization of $1.06 billion, a PE ratio of -86.49 and a beta of 1.39.

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

Insider Buying and Selling

In related news, VP Samuel Yount sold 6,309 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.16, for a total value of $101,953.44. Following the completion of 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 SEC, which is available through the SEC website. Company insiders own 45.93% of the company’s stock.

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.