NerdWallet, Inc. (NASDAQ:NRDS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 526.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,953 shares of the company’s stock after acquiring an additional 111,743 shares during the quarter. Deutsche Bank AG owned about 0.18% of NerdWallet worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NRDS. D. E. Shaw & Co. Inc. grew its holdings in shares of NerdWallet by 18.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 378,091 shares of the company’s stock valued at $5,029,000 after purchasing an additional 59,811 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in NerdWallet by 330.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 225,310 shares of the company’s stock worth $2,997,000 after purchasing an additional 173,027 shares during the period. Bayesian Capital Management LP purchased a new stake in NerdWallet during the 4th quarter valued at approximately $482,000. BNP Paribas Financial Markets acquired a new position in NerdWallet in the 4th quarter valued at $2,367,000. Finally, Alta Fox Capital Management LLC acquired a new stake in NerdWallet in the fourth quarter valued at about $10,761,000. 38.81% of the stock is currently owned by institutional investors and hedge funds.

NerdWallet Stock Down 1.8%

NRDS stock opened at $10.52 on Friday. The company has a market capitalization of $783.88 million, a PE ratio of 26.30 and a beta of 1.41. The stock’s 50 day moving average is $9.38 and its two-hundred day moving average is $11.83. NerdWallet, Inc. has a 52-week low of $7.55 and a 52-week high of $16.45.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. KeyCorp reduced their target price on NerdWallet from $18.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Citigroup cut their target price on NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price objective on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

NerdWallet Company 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.