NerdWallet, Inc. (NASDAQ:NRDS) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lowered its stake in NerdWallet, Inc. (NASDAQ:NRDSGet Rating) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,739 shares of the company’s stock after selling 10,611 shares during the period. Newbridge Financial Services Group Inc. owned about 0.08% of NerdWallet worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in NerdWallet during the 4th quarter worth approximately $9,099,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of NerdWallet in the 4th quarter valued at approximately $5,622,000. Rit Capital Partners PLC acquired a new stake in shares of NerdWallet in the 4th quarter valued at approximately $3,888,000. HST Ventures LLC lifted its holdings in shares of NerdWallet by 8.3% in the 1st quarter. HST Ventures LLC now owns 220,799 shares of the company’s stock valued at $2,647,000 after buying an additional 16,889 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of NerdWallet in the 1st quarter valued at approximately $1,213,000. Hedge funds and other institutional investors own 29.40% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tim Chao-Ming Chen purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $9.60 per share, with a total value of $288,000.00. Following the completion of the transaction, the chief executive officer now owns 389,507 shares of the company’s stock, valued at approximately $3,739,267.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 4,500 shares of company stock valued at $45,315. Insiders own 49.56% of the company’s stock.

NerdWallet Trading Down 2.6 %

Shares of NRDS stock traded down $0.25 during trading hours on Friday, hitting $9.36. 6,568 shares of the company were exchanged, compared to its average volume of 296,553. NerdWallet, Inc. has a 1 year low of $7.07 and a 1 year high of $34.44. The firm has a fifty day moving average of $10.08 and a 200 day moving average of $10.23.

Analyst Ratings Changes

Separately, KeyCorp reduced their price target on NerdWallet from $27.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.79.

NerdWallet Company Profile

(Get Rating)

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. The company's platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.

See Also

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Institutional Ownership by Quarter for NerdWallet (NASDAQ:NRDS)

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