MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,345 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,867 shares of the company’s stock after selling 1,345 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in NerdWallet were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock valued at $685,000 after acquiring an additional 769 shares during the period. American Century Companies Inc. raised its stake in NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company’s stock valued at $282,000 after purchasing an additional 1,576 shares in the last quarter. Swiss National Bank raised its stake in NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company’s stock valued at $1,045,000 after purchasing an additional 1,600 shares in the last quarter. SG Americas Securities LLC raised 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 purchasing an additional 2,364 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in NerdWallet by 12.4% in the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company’s stock valued at $326,000 after purchasing an additional 2,705 shares in the last quarter. Institutional investors own 38.81% of the company’s stock.

NerdWallet Trading Down 2.1%

Shares of NASDAQ NRDS opened at $10.52 on Friday. The company has a market cap of $783.88 million, a price-to-earnings ratio of 26.30 and a beta of 1.41. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The stock has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $11.64.

Analysts Set New Price Targets

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

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.