Barclays PLC Acquires 51,524 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Barclays PLC raised its holdings in NerdWallet, Inc. (NASDAQ:NRDS) by 374.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,277 shares of the company’s stock after buying an additional 51,524 shares during the period. Barclays PLC’s holdings in NerdWallet were worth $830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Basswood Capital Management L.L.C. acquired a new position in shares of NerdWallet in the third quarter valued at approximately $6,446,000. Jacobs Levy Equity Management Inc. grew its position in shares of NerdWallet by 346.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock valued at $6,333,000 after purchasing an additional 386,646 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock valued at $11,239,000 after purchasing an additional 86,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of NerdWallet by 32.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock valued at $4,488,000 after purchasing an additional 86,029 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of NerdWallet in the third quarter valued at approximately $890,000. Institutional investors own 38.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NRDS shares. Barclays upped their target price on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. KeyCorp upped their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Insider Buying and Selling

In other NerdWallet news, insider Samuel Yount sold 440,336 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the sale, the insider now owns 254,237 shares of the company’s stock, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Lauren Stclair sold 11,856 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total value of $166,458.24. Following the completion of the sale, the chief financial officer now directly owns 313,100 shares in the company, valued at approximately $4,395,924. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 822,353 shares of company stock valued at $11,051,439 over the last 90 days. 45.93% of the stock is owned by corporate insiders.

NerdWallet Price Performance

Shares of NASDAQ:NRDS opened at $14.23 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of -101.64 and a beta of 1.32. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30. The business’s 50 day simple moving average is $13.86 and its 200 day simple moving average is $13.36.

NerdWallet (NASDAQ:NRDS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $191.30 million for the quarter, compared to the consensus estimate of $168.25 million. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, sell-side analysts anticipate that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

NerdWallet 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.