Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Moderate Buy” by Brokerages

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.2417.

Several equities analysts have issued reports on the company. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. CICC Research began coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Needham & Company LLC assumed coverage on NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LOM Asset Management Ltd purchased a new stake in NU during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after purchasing an additional 1,481 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of NU during the fourth quarter worth approximately $27,000. Finally, Morse Asset Management Inc acquired a new stake in shares of NU during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 1.3%

Shares of NU stock traded down $0.19 during trading hours on Tuesday, hitting $13.87. The company had a trading volume of 10,597,878 shares, compared to its average volume of 53,629,070. The company’s 50-day moving average is $13.00 and its two-hundred day moving average is $14.95. NU has a twelve month low of $11.20 and a twelve month high of $18.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $67.37 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. Analysts anticipate that NU will post 0.83 earnings per share for the current fiscal year.

NU declared that its Board of Directors has approved a share repurchase plan on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.