Natixis Advisors LLC Has $203,000 Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

Natixis Advisors LLC decreased its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,002 shares of the company’s stock after selling 1,094 shares during the period. Natixis Advisors LLC’s holdings in NerdWallet were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NRDS. Vanguard Group Inc. grew its stake in shares of NerdWallet by 12.1% in the first quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock worth $58,880,000 after acquiring an additional 432,262 shares during the last quarter. SG Americas Securities LLC acquired a new stake in NerdWallet during the second quarter worth $445,000. Bank of New York Mellon Corp boosted its stake in NerdWallet by 27.6% during the second quarter. Bank of New York Mellon Corp now owns 122,873 shares of the company’s stock worth $1,794,000 after buying an additional 26,572 shares in the last quarter. Legato Capital Management LLC acquired a new stake in NerdWallet during the second quarter worth $555,000. Finally, Rhumbline Advisers boosted its stake in NerdWallet by 17.6% during the second quarter. Rhumbline Advisers now owns 52,373 shares of the company’s stock worth $765,000 after buying an additional 7,837 shares in the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Wall Street Analysts Forecast Growth

NRDS has been the topic of a number of recent research reports. Barclays lifted their price target on shares of NerdWallet from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Truist Financial decreased their price target on shares of NerdWallet from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Morgan Stanley lifted their price target on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, KeyCorp lifted their price target on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two equities research 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 stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Insider Activity at NerdWallet

In other NerdWallet news, major shareholder Topline Capital Partners, Lp purchased 412,055 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average cost of $11.35 per share, with a total value of $4,676,824.25. Following the completion of the acquisition, the insider now directly owns 5,251,145 shares of the company’s stock, valued at $59,600,495.75. This represents a 8.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll purchased 49,722 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was acquired at an average cost of $12.05 per share, with a total value of $599,150.10. Following the completion of the acquisition, the insider now directly owns 4,839,090 shares of the company’s stock, valued at $58,311,034.50. The trade was a 1.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.93% of the stock is currently owned by company insiders.

NerdWallet Stock Performance

Shares of NASDAQ:NRDS opened at $14.00 on Friday. NerdWallet, Inc. has a 52 week low of $10.10 and a 52 week high of $17.30. The company’s fifty day moving average is $13.24 and its 200-day moving average is $13.38. The company has a market capitalization of $1.03 billion, a PE ratio of -100.00 and a beta of 1.39.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. On average, analysts forecast that NerdWallet, Inc. will post -0.11 EPS for the current year.

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.