Bailard Inc. Takes $160,000 Position in NerdWallet, Inc. (NASDAQ:NRDS)

Bailard Inc. acquired a new position in shares of NerdWallet, Inc. (NASDAQ:NRDS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,000 shares of the company’s stock, valued at approximately $160,000.

A number of other large investors have also recently made changes to their positions in the company. US Bancorp DE acquired a new position in NerdWallet during the 3rd quarter worth approximately $86,000. Intech Investment Management LLC purchased a new stake in shares of NerdWallet during the 3rd quarter worth $135,000. Olympiad Research LP grew its stake in shares of NerdWallet by 42.3% during the third quarter. Olympiad Research LP now owns 16,711 shares of the company’s stock worth $212,000 after purchasing an additional 4,967 shares in the last quarter. SG Americas Securities LLC increased its holdings in NerdWallet by 17.0% in the fourth quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock valued at $216,000 after buying an additional 2,364 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in NerdWallet in the third quarter valued at $220,000. 38.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NerdWallet news, insider Samuel Yount sold 154,465 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total transaction of $2,029,670.10. Following the transaction, the insider now directly owns 409,147 shares of the company’s stock, valued at approximately $5,376,191.58. This trade represents a 27.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 810,497 shares of company stock valued at $10,884,981 in the last ninety days. 45.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NRDS has been the subject of several analyst reports. Barclays upped their price objective on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley lowered 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Stock Performance

Shares of NRDS stock opened at $9.81 on Thursday. The stock’s 50-day moving average is $13.34 and its two-hundred day moving average is $13.18. NerdWallet, Inc. has a 1 year low of $9.65 and a 1 year high of $16.79. The firm has a market cap of $727.00 million, a price-to-earnings ratio of 24.53 and a beta of 1.33.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings results 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 firm had revenue of $183.80 million for the quarter, compared to the consensus estimate of $168.33 million. As a group, research analysts predict that NerdWallet, Inc. will post 0.36 EPS for the current year.

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.