87,900 Shares in NerdWallet, Inc. (NASDAQ:NRDS) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in NerdWallet, Inc. (NASDAQ:NRDS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,900 shares of the company’s stock, valued at approximately $1,169,000. Canada Pension Plan Investment Board owned about 0.12% of NerdWallet as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NRDS. Geode Capital Management LLC boosted its holdings in NerdWallet by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company’s stock worth $11,751,000 after acquiring an additional 19,330 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NerdWallet by 157.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 908,468 shares of the company’s stock worth $12,083,000 after purchasing an additional 555,329 shares during the last quarter. Quinn Opportunity Partners LLC grew its position in NerdWallet by 3,324.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 893,781 shares of the company’s stock worth $11,887,000 after purchasing an additional 867,681 shares in the last quarter. State Street Corp increased its stake in NerdWallet by 3.7% in the 3rd quarter. State Street Corp now owns 799,521 shares of the company’s stock valued at $10,162,000 after buying an additional 28,785 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of NerdWallet by 153.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 766,670 shares of the company’s stock worth $10,197,000 after buying an additional 463,758 shares in the last quarter. Institutional investors own 38.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays lifted their price target on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley lowered their target price on NerdWallet from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

NerdWallet Stock Up 3.1 %

Shares of NASDAQ:NRDS opened at $9.08 on Friday. The firm has a market capitalization of $672.90 million, a PE ratio of 22.70 and a beta of 1.41. The company has a 50-day moving average price of $9.40 and a two-hundred day moving average price of $12.18. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45.

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

NerdWallet Profile

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.