Nu Holdings Ltd. (NYSE:NU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average rating of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.08.

Several equities analysts have recently issued reports on NU shares. Jefferies Financial Group boosted their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd.

NU Price Performance

NU opened at $13.44 on Wednesday. The company has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $12.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. NU has a 52 week low of $6.80 and a 52 week high of $15.16. The firm has a market capitalization of $64.03 billion, a PE ratio of 51.67, a P/E/G ratio of 0.67 and a beta of 1.17.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, analysts anticipate that NU will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares in the last quarter. ORG Partners LLC bought a new stake in shares of NU in the 2nd quarter valued at about $54,000. Opal Wealth Advisors LLC bought a new stake in shares of NU in the 2nd quarter valued at about $88,000. LRI Investments LLC bought a new stake in shares of NU in the 1st quarter valued at about $91,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares during the period. 80.90% of the stock is owned by institutional investors.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.