Tnf LLC Takes $178,000 Position in NerdWallet, Inc. (NASDAQ:NRDS)

Tnf LLC bought a new stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,000 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in NerdWallet in the 2nd quarter worth approximately $31,000. nVerses Capital LLC purchased a new position in NerdWallet during the 3rd quarter valued at $62,000. Algert Global LLC purchased a new position in NerdWallet during the 2nd quarter valued at $196,000. The Manufacturers Life Insurance Company lifted its holdings in shares of NerdWallet by 16.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,999 shares of the company’s stock worth $219,000 after buying an additional 2,172 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock worth $229,000 after buying an additional 1,561 shares during the period. Institutional investors own 38.81% of the company’s stock.

Insiders Place Their Bets

In other NerdWallet news, VP Samuel Yount sold 5,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.01, for a total transaction of $60,050.00. Following the transaction, the vice president now owns 2,329,471 shares of the company’s stock, valued at approximately $27,976,946.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other NerdWallet news, major shareholder Topline Capital Partners, Lp bought 412,055 shares of NerdWallet stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the completion of the transaction, the insider now directly owns 5,251,145 shares of the company’s stock, valued at $59,600,495.75. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Samuel Yount sold 5,000 shares of NerdWallet 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 sale, the vice president now owns 2,329,471 shares in the company, valued at $27,976,946.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 45.93% of the stock is currently owned by corporate insiders.

NerdWallet Price Performance

Shares of NASDAQ:NRDS opened at $15.06 on Thursday. The business’s 50 day moving average price is $12.35 and its 200-day moving average price is $13.22. The firm has a market capitalization of $1.19 billion, a PE ratio of -107.57 and a beta of 1.42. NerdWallet, Inc. has a 1 year low of $10.10 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The company 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%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. As a group, analysts expect that NerdWallet, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NRDS. KeyCorp upped their price objective on NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial reduced their price target on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Oppenheimer dropped their price objective on NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barclays raised their price objective on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley raised their price objective on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.