NerdWallet, Inc. $NRDS Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 82.8% during the first quarter, HoldingsChannel.com reports. The fund owned 18,400 shares of the company’s stock after selling 88,582 shares during the quarter. Janus Henderson Group PLC’s holdings in NerdWallet were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NRDS. UBS Group AG boosted its stake in NerdWallet by 52.2% during the 4th quarter. UBS Group AG now owns 489,591 shares of the company’s stock worth $6,634,000 after purchasing an additional 167,954 shares during the period. Principal Financial Group Inc. purchased a new position in NerdWallet during the 1st quarter worth $2,903,000. Dimensional Fund Advisors LP increased its stake in NerdWallet by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,322,848 shares of the company’s stock valued at $13,730,000 after purchasing an additional 153,790 shares during the period. Renaissance Technologies LLC increased its stake in NerdWallet by 25.4% in the first quarter. Renaissance Technologies LLC now owns 1,002,275 shares of the company’s stock valued at $10,404,000 after purchasing an additional 202,838 shares during the period. Finally, OP Asset Management Ltd purchased a new stake in shares of NerdWallet in the first quarter valued at about $6,957,000. 38.81% of the stock is owned by institutional investors and hedge funds.

NerdWallet Stock Performance

Shares of NerdWallet stock opened at $9.78 on Wednesday. NerdWallet, Inc. has a one year low of $7.33 and a one year high of $16.24. The company has a market cap of $643.52 million, a P/E ratio of 10.99 and a beta of 1.23. The firm has a fifty day moving average of $8.98 and a two-hundred day moving average of $9.79.

NerdWallet (NASDAQ:NRDS) last issued its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $197.30 million during the quarter, compared to analysts’ expectations of $195.30 million. NerdWallet had a net margin of 7.56% and a return on equity of 18.07%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities analysts predict that NerdWallet, Inc. will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In other NerdWallet news, major shareholder Topline Capital Partners, Lp sold 454,872 shares of NerdWallet stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $9.27, for a total value of $4,216,663.44. Following the sale, the insider owned 3,289,285 shares of the company’s stock, valued at approximately $30,491,671.95. The trade was a 12.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 1,961,860 shares of company stock valued at $17,862,921. 52.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NRDS. Truist Financial decreased their target price on shares of NerdWallet from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Zacks Research upgraded NerdWallet from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings downgraded NerdWallet from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Oppenheimer decreased their price objective on NerdWallet from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Finally, KeyCorp lowered their target price on NerdWallet from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.83.

NerdWallet Profile

NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs.

Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom.