NerdWallet, Inc. (NASDAQ:NRDS) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 325.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 700,129 shares of the company’s stock after buying an additional 535,701 shares during the period. Millennium Management LLC owned 0.95% of NerdWallet worth $9,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after acquiring an additional 2,364 shares during the period. Rhumbline Advisers lifted its holdings in shares of NerdWallet by 1.5% in the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock worth $685,000 after purchasing an additional 769 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in NerdWallet by 892.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 216,172 shares of the company’s stock valued at $2,875,000 after purchasing an additional 194,387 shares during the period. Versor Investments LP bought a new position in NerdWallet during the 4th quarter worth $669,000. Finally, US Bancorp DE grew its stake in NerdWallet by 41.2% during the 4th quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays raised their target price on NerdWallet from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley reduced their target price on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. KeyCorp decreased their target price on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Citigroup cut their price target on NerdWallet from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, NerdWallet currently has an average rating of “Moderate Buy” and an average price target of $15.00.

NerdWallet Stock Performance

Shares of NASDAQ NRDS opened at $10.52 on Monday. The stock has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $11.78. The firm has a market cap of $783.88 million, a P/E ratio of 26.30 and a beta of 1.41. NerdWallet, Inc. has a 1 year low of $7.55 and a 1 year high of $16.45.

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.