Squarepoint Ops LLC Sells 7,990 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Squarepoint Ops LLC reduced its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,144 shares of the company’s stock after selling 7,990 shares during the period. Squarepoint Ops LLC’s holdings in NerdWallet were worth $228,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in NerdWallet during the 4th quarter worth $80,000. US Bancorp DE grew its holdings 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 acquiring an additional 2,800 shares during the period. AXQ Capital LP acquired a new stake in NerdWallet during the 4th quarter worth about $138,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in NerdWallet by 3,417.4% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock worth $140,000 after acquiring an additional 10,218 shares during the period. Finally, Bailard Inc. acquired a new stake in NerdWallet during the 4th quarter worth about $160,000. 38.81% of the stock is owned by institutional investors.

NerdWallet Price Performance

Shares of NRDS opened at $11.15 on Friday. The stock has a 50-day moving average of $9.68 and a 200-day moving average of $11.54. The company has a market cap of $830.82 million, a PE ratio of 27.88 and a beta of 1.46. NerdWallet, Inc. has a one year low of $7.55 and a one year high of $16.45.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NRDS. KeyCorp decreased their price target on NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Morgan Stanley decreased their price target on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Citigroup decreased their price target on NerdWallet from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Finally, Barclays increased their price target on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.