Prudent Man Advisors LLC acquired a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,495 shares of the company’s stock, valued at approximately $111,000.
A number of other institutional investors have also made changes to their positions in the company. Citigroup Inc. increased its stake in NerdWallet by 1,094.6% during the 4th quarter. Citigroup Inc. now owns 4,635 shares of the company’s stock worth $44,000 after buying an additional 4,247 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of NerdWallet during the first quarter worth about $58,000. Quantbot Technologies LP acquired a new position in shares of NerdWallet in the first quarter worth about $63,000. Barclays PLC boosted its holdings in NerdWallet by 542.6% in the fourth quarter. Barclays PLC now owns 6,979 shares of the company’s stock valued at $67,000 after purchasing an additional 5,893 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in NerdWallet by 112.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,643 shares of the company’s stock valued at $68,000 after purchasing an additional 4,053 shares in the last quarter. 36.22% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NRDS has been the topic of a number of recent analyst reports. Barclays cut their target price on NerdWallet from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. KeyCorp increased their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial dropped their target price on shares of NerdWallet from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Citigroup increased their price target on shares of NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, TheStreet upgraded NerdWallet from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.
NerdWallet Stock Up 2.0 %
Shares of NASDAQ:NRDS opened at $15.52 on Monday. The company has a market cap of $1.18 billion, a PE ratio of -1,550.45 and a beta of 1.44. NerdWallet, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $21.74. The firm has a 50-day simple moving average of $14.43 and a 200 day simple moving average of $11.24.
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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.
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