6 days Ago By Defense World Staff
Legal & General Group Plc lessened its stake in shares of NerdWallet, Inc. ( NASDAQ:NRDS – Free Report ) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 41,295 shares of the company’s stock after selling 1,833 shares during the quarter. Legal & General Group Plc owned approximately 0.06% of NerdWallet worth $549,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in NerdWallet by 157.
3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock valued at $12,083,000 after buying an additional 555,329 shares during the period.
Arrowstreet Capital Limited Partnership raised its stake in shares of NerdWallet by 153.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company’s stock valued at $10,197,000 after acquiring an additional 463,758 shares during the last quarter.
Norges Bank purchased a new stake in shares of NerdWallet during the fourth quarter worth about $3,785,000. JPMorgan Chase & Co. grew 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 worth $3,206,000 after purchasing an additional 204,326 shares during the last quarter.
Finally, Los Angeles Capital Management LLC increased its holdings 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.
Institutional investors own 38.81% of the company’s stock. Wall Street Analysts Forecast Growth NRDS has been the subject of several research analyst reports.
Morgan Stanley dropped their price objective on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, February 24th.
Barclays raised their price target on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th.
One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet currently has a consensus rating of “Moderate Buy” and an average target price of $17.
00. NerdWallet Stock Performance Shares of NASDAQ:NRDS opened at $9.10 on Tuesday.
The firm has a market capitalization of $674.38 million, a P/E ratio of 22.75 and a beta of 1.
41. The stock has a 50 day moving average price of $9.21 and a 200-day moving average price of $12.
14. NerdWallet, Inc. has a 52-week low of $7.
55 and a 52-week high of $16.45. NerdWallet ( NASDAQ:NRDS – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 19th.
The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $168.33 million.
On average, equities analysts forecast that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.
NerdWallet Profile ( Free Report ) 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. Read More Five stocks we like better than NerdWallet Quiet Period Expirations Explained Best Defense Stocks in 2025.
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