Brokerages Set Nu Holdings Ltd. (NYSE:NU) Target Price at $10.03

Shares of Nu Holdings Ltd. (NYSE:NUGet Rating) have been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.03.

NU has been the topic of a number of recent analyst reports. Citigroup reduced their price target on NU from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. New Street Research raised NU from a “neutral” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Monday, July 18th. JPMorgan Chase & Co. downgraded NU from a “neutral” rating to an “underweight” rating in a research report on Friday. Finally, Credit Suisse Group initiated coverage on NU in a research report on Wednesday. They set an “outperform” rating and a $6.50 price target on the stock.

Institutional Investors Weigh In On NU

Several hedge funds have recently added to or reduced their stakes in the business. Nkcfo LLC purchased a new stake in NU in the first quarter valued at $31,000. Exchange Traded Concepts LLC boosted its stake in shares of NU by 4.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 111,471 shares of the company’s stock worth $490,000 after acquiring an additional 4,392 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in shares of NU by 21.7% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 28,000 shares of the company’s stock worth $216,000 after acquiring an additional 5,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of NU by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 77,573 shares of the company’s stock worth $290,000 after acquiring an additional 6,071 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of NU by 10.8% during the 1st quarter. Raymond James & Associates now owns 66,126 shares of the company’s stock worth $510,000 after acquiring an additional 6,422 shares in the last quarter. 48.09% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NU stock opened at $4.44 on Wednesday. The business has a fifty day moving average of $4.76 and a two-hundred day moving average of $4.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.40 and a current ratio of 0.40. NU has a twelve month low of $3.26 and a twelve month high of $12.24.

NU (NYSE:NUGet Rating) last posted its earnings results on Monday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, research analysts predict that NU will post 0.01 EPS for the current fiscal year.

NU Company Profile

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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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