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

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of analysts have recently issued reports on NU shares. KeyCorp raised their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Susquehanna increased their price target on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. TheStreet raised shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Finally, UBS Group raised their target price on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, January 29th.

Institutional Investors Weigh In On NU

A number of institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC raised its position in shares of NU by 10.9% during the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock valued at $96,000 after buying an additional 1,299 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of NU by 487.1% during the 3rd quarter. SG Americas Securities LLC now owns 190,907 shares of the company’s stock valued at $1,384,000 after purchasing an additional 158,392 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of NU by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 96,800 shares of the company’s stock valued at $702,000 after purchasing an additional 48,400 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of NU by 24.1% in the third quarter. Commonwealth Equity Services LLC now owns 119,106 shares of the company’s stock worth $864,000 after purchasing an additional 23,100 shares during the last quarter. Finally, Balboa Wealth Partners purchased a new stake in shares of NU in the third quarter worth about $114,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Up 1.7 %

Shares of NYSE NU opened at $11.05 on Friday. The firm’s 50 day moving average price is $11.33 and its 200-day moving average price is $9.53. NU has a 52-week low of $4.94 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market cap of $51.88 billion, a PE ratio of 52.62, a P/E/G ratio of 0.53 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the company posted $0.03 earnings per share. On average, equities research analysts expect that NU will post 0.39 EPS for the current fiscal year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. 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.