Russell Investments Group Ltd. Has $586,000 Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

Russell Investments Group Ltd. raised its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 50.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,073 shares of the company’s stock after purchasing an additional 14,850 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of NerdWallet worth $586,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock worth $12,083,000 after buying an additional 555,329 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of NerdWallet by 153.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company’s stock worth $10,197,000 after purchasing an additional 463,758 shares in the last quarter. Norges Bank bought a new stake in shares of NerdWallet during the fourth quarter valued at approximately $3,785,000. JPMorgan Chase & Co. raised its stake in shares of NerdWallet by 556.8% in the fourth quarter. JPMorgan Chase & Co. now owns 241,020 shares of the company’s stock valued at $3,206,000 after purchasing an additional 204,326 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in NerdWallet by 892.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company’s stock worth $2,875,000 after buying an additional 194,387 shares in the last quarter. 38.81% of the stock is owned by institutional investors.

NerdWallet Price Performance

Shares of NRDS opened at $8.70 on Wednesday. The business’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $12.20. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45. The company has a market capitalization of $644.74 million, a P/E ratio of 21.75 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. NerdWallet had a negative return on equity of 2.08% and a net margin of 4.42%. The business had revenue of $183.80 million during the quarter, compared to analysts’ expectations of $168.33 million. On average, sell-side analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NRDS has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Barclays upped their price objective on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.