NU (NYSE:NU) Price Target Raised to $15.00

NU (NYSE:NU) had its target price increased by Susquehanna from $14.00 to $15.00 in a report published on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

NU has been the subject of a number of other research reports. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

NU Trading Down 0.7%

NYSE NU opened at $13.04 on Wednesday. NU has a one year low of $9.01 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $62.83 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company’s 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $12.07.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm earned $0.09 EPS. Equities analysts forecast that NU will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On NU

A number of large investors have recently bought and sold shares of the company. NBC Securities Inc. boosted its holdings in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after acquiring an additional 2,860 shares during the last quarter. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Capital Analysts LLC acquired a new stake in NU during the 1st quarter worth about $31,000. TFC Financial Management Inc. grew its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after purchasing an additional 1,325 shares during the period. Finally, Banque Transatlantique SA purchased a new position in shares of NU during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

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.