Nu Holdings Ltd. (NYSE:NU) Stock Has Consensus Price Target of $18.25 According to Analysts

Nu Holdings Ltd. (NYSE:NU) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.25.

A number of analysts recently weighed in on NU shares. Weiss Ratings raised shares of NU from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Wednesday, September 16th. Wolfe Research lowered their target price on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of NU in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th.

NU Trading Up 2.1%

Shares of NU stock opened at $12.34 on Monday. The stock has a market cap of $59.89 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.50 and a beta of 0.97. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. NU has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The firm’s 50 day moving average price is $13.88 and its two-hundred day moving average price is $14.28.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The company had revenue of $5.88 billion during the quarter. On average, analysts anticipate that NU will post 0.85 EPS for the current year.

Insider Activity

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the sale, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristina Junqueira sold 25,000 shares of NU stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer directly owned 4,877,593 shares in the company, valued at approximately $73,212,670.93. The trade was a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 386,707 shares of company stock valued at $6,001,588 over the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NU

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in shares of NU during the 3rd quarter valued at approximately $1,691,000. Private Advisor Group LLC grew its position in shares of NU by 32.0% during the third quarter. Private Advisor Group LLC now owns 91,530 shares of the company’s stock worth $1,159,000 after buying an additional 22,213 shares in the last quarter. Ieq Capital LLC increased its stake in shares of NU by 19.9% in the third quarter. Ieq Capital LLC now owns 844,204 shares of the company’s stock worth $10,688,000 after buying an additional 140,400 shares during the last quarter. Focus Advisor Solutions LLC raised its holdings in NU by 69.5% in the third quarter. Focus Advisor Solutions LLC now owns 32,760 shares of the company’s stock valued at $415,000 after acquiring an additional 13,431 shares in the last quarter. Finally, Proem Advisors LLC grew its holdings in NU by 17.6% during the 3rd quarter. Proem Advisors LLC now owns 500,324 shares of the company’s stock worth $6,334,000 after acquiring an additional 74,710 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Company Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products. Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country. Nu serves customers in Brazil, Mexico, and Colombia.