1 week Ago By ABMN Staff
Norges Bank bought a new stake in NerdWallet, Inc. ( NASDAQ:NRDS – Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 284,600 shares of the company’s stock, valued at approximately $3,785,000.
Norges Bank owned about 0.39% of NerdWallet at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company.
KLP Kapitalforvaltning AS bought a new stake in NerdWallet in the fourth quarter valued at approximately $80,000. US Bancorp DE increased its stake in shares of NerdWallet by 41.2% in the fourth quarter.
US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after buying an additional 2,800 shares during the period. AXQ Capital LP bought a new stake in NerdWallet during the 4th quarter valued at $138,000. Bailard Inc.
purchased a new stake in NerdWallet during the 4th quarter valued at $160,000. Finally, SG Americas Securities LLC grew its holdings in NerdWallet by 17.0% in the 4th quarter.
SG Americas Securities LLC now owns 16,232 shares of the company’s stock worth $216,000 after acquiring an additional 2,364 shares during the last quarter. 38.81% of the stock is currently owned by hedge funds and other institutional investors.
NerdWallet Price Performance Shares of NASDAQ NRDS opened at $8.16 on Friday. NerdWallet, Inc.
has a 1 year low of $7.55 and a 1 year high of $16.45.
The stock has a market capitalization of $604.72 million, a P/E ratio of 20.40 and a beta of 1.
41. The company’s 50-day moving average is $10.38 and its 200 day moving average is $12.
44. Wall Street Analyst Weigh In Several brokerages have recently commented on NRDS. Barclays upped their price objective on shares of NerdWallet from $17.
00 to $19.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley dropped their price objective 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the stock.
According to MarketBeat.com, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.
Check Out Our Latest Research Report on NRDS NerdWallet Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for NerdWallet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NerdWallet and related companies with MarketBeat.
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