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

Shares of Nu Holdings Ltd. (NYSE:NUGet Rating) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.27.

NU has been the subject of several research analyst reports. Susquehanna Bancshares lowered their price target on shares of NU from $14.00 to $10.00 in a report on Friday, May 13th. New Street Research upgraded shares of NU from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, July 18th. Citigroup decreased their price objective on NU from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, July 25th. Finally, Susquehanna decreased their price objective on NU from $14.00 to $10.00 in a report on Friday, May 13th.

NU Stock Up 6.5 %

Shares of NYSE:NU opened at $5.39 on Friday. The company has a fifty day moving average of $4.47 and a 200-day moving average of $5.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.10. NU has a 52-week low of $3.26 and a 52-week high of $12.24.

NU (NYSE:NUGet Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.02 billion. Analysts forecast that NU will post 0.03 EPS for the current year.

Institutional Trading of NU

A number of large investors have recently bought and sold shares of NU. Raymond James & Associates acquired a new stake in NU during the 4th quarter worth about $560,000. Raymond James Financial Services Advisors Inc. acquired a new stake in NU during the 4th quarter worth about $359,000. First Republic Investment Management Inc. acquired a new stake in NU during the 4th quarter worth about $492,000. Pictet Asset Management SA acquired a new stake in NU during the 4th quarter worth about $11,759,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of NU during the 4th quarter worth about $193,000. 48.09% of the stock is currently owned by institutional investors and hedge funds.

NU Company Profile

(Get Rating)

Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.

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Analyst Recommendations for NU (NYSE:NU)

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