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

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.36.

NU has been the topic of several recent research reports. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays lowered their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th.

Institutional Investors Weigh In On NU

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. grew its holdings in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after purchasing an additional 2,860 shares during the period. Piscataqua Savings Bank grew its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after buying an additional 1,295 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of NU during the 4th quarter worth $50,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after buying an additional 3,215 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 2.9 %

Shares of NU stock opened at $10.54 on Friday. The company has a 50-day moving average of $11.50 and a two-hundred day moving average of $12.40. NU has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $50.25 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, research analysts anticipate that NU will post 0.58 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.