Versor Investments LP Takes Position in NerdWallet, Inc. (NASDAQ:NRDS)

Versor Investments LP acquired a new stake in NerdWallet, Inc. (NASDAQ:NRDS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,300 shares of the company’s stock, valued at approximately $669,000. Versor Investments LP owned about 0.07% of NerdWallet at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NRDS. Geode Capital Management LLC increased its position in NerdWallet by 2.1% during the third quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock worth $11,751,000 after purchasing an additional 19,330 shares during the last quarter. State Street Corp increased its position in NerdWallet by 3.7% during the third quarter. State Street Corp now owns 799,521 shares of the company’s stock worth $10,162,000 after purchasing an additional 28,785 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new position in NerdWallet during the third quarter worth approximately $6,446,000. Jacobs Levy Equity Management Inc. increased its position in NerdWallet by 346.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 498,244 shares of the company’s stock worth $6,333,000 after purchasing an additional 386,646 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in NerdWallet by 32.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,139 shares of the company’s stock worth $4,488,000 after purchasing an additional 86,029 shares during the last quarter. Institutional investors and hedge funds own 38.81% of the company’s stock.

Insider Activity

In other news, insider Samuel Yount sold 154,465 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $13.14, for a total value of $2,029,670.10. Following the completion of the transaction, the insider now directly owns 409,147 shares in the company, valued at approximately $5,376,191.58. This represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lauren Stclair sold 11,856 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.04, for a total transaction of $166,458.24. Following the completion of the transaction, the chief financial officer now owns 313,100 shares of the company’s stock, valued at $4,395,924. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 822,353 shares of company stock worth $11,051,439. 45.93% of the stock is currently owned by company insiders.

NerdWallet Stock Up 2.2 %

NerdWallet stock opened at $10.20 on Friday. NerdWallet, Inc. has a 52-week low of $9.88 and a 52-week high of $17.11. The firm has a fifty day moving average of $13.51 and a 200-day moving average of $13.19. The firm has a market capitalization of $749.08 million, a P/E ratio of 25.50 and a beta of 1.33.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $168.33 million. On average, research analysts expect that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NRDS shares. Barclays upped their price target on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley dropped their price target on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.