NerdWallet, Inc. (NASDAQ:NRDS) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in NerdWallet, Inc. (NASDAQ:NRDS) by 45.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,042 shares of the company’s stock after acquiring an additional 6,585 shares during the quarter. Squarepoint Ops LLC’s holdings in NerdWallet were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in shares of NerdWallet by 11.1% in the second quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock valued at $229,000 after purchasing an additional 1,561 shares during the period. Marshall Wace LLP lifted its holdings in NerdWallet by 2.0% during the 2nd quarter. Marshall Wace LLP now owns 105,802 shares of the company’s stock worth $1,545,000 after buying an additional 2,070 shares in the last quarter. Steamboat Capital Partners LLC boosted its position in NerdWallet by 1.7% in the 1st quarter. Steamboat Capital Partners LLC now owns 242,033 shares of the company’s stock valued at $3,558,000 after buying an additional 4,030 shares during the period. Rhumbline Advisers grew its stake in shares of NerdWallet by 17.6% in the second quarter. Rhumbline Advisers now owns 52,373 shares of the company’s stock worth $765,000 after acquiring an additional 7,837 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of NerdWallet by 126.4% during the second quarter. Meeder Asset Management Inc. now owns 16,841 shares of the company’s stock worth $246,000 after acquiring an additional 9,401 shares during the period. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Samuel Yount sold 5,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the transaction, the vice president now owns 2,329,471 shares in the company, valued at approximately $27,976,946.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 45.93% of the stock is owned by corporate insiders.

NerdWallet Price Performance

NerdWallet stock opened at $11.98 on Friday. The stock has a market cap of $931.30 million, a PE ratio of -70.47 and a beta of 1.42. The stock’s fifty day moving average is $12.27 and its two-hundred day moving average is $13.44. NerdWallet, Inc. has a 1-year low of $6.38 and a 1-year high of $17.30.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $150.60 million for the quarter, compared to analyst estimates of $149.93 million. NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. NerdWallet’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. On average, research analysts expect that NerdWallet, Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NRDS. Barclays decreased their target price on NerdWallet from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Truist Financial decreased their price objective on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Oppenheimer cut their target price on shares of NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NerdWallet currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.