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

Nu Holdings Ltd. (NYSE:NU) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.34.

NU has been the subject of several recent analyst reports. Susquehanna raised their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, February 24th. JPMorgan Chase & Co. increased their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th.

NU Price Performance

NYSE NU opened at $14.76 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. NU has a 1 year low of $9.01 and a 1 year high of $18.98. The company has a market cap of $71.10 billion, a PE ratio of 25.44, a PEG ratio of 0.49 and a beta of 1.11. The stock’s 50-day moving average price is $17.07 and its two-hundred day moving average price is $16.19.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. On average, analysts predict that NU will post 0.58 EPS for the current year.

Institutional Trading of NU

Large investors have recently made changes to their positions in the stock. TRU Independence Asset Management 2 LLC acquired a new stake in NU in the 4th quarter worth approximately $335,000. Kera Capital Partners Inc. boosted its holdings in shares of NU by 9.3% during the 4th quarter. Kera Capital Partners Inc. now owns 630,649 shares of the company’s stock worth $11,194,000 after buying an additional 53,921 shares during the period. Larch Capital Partners LLC bought a new position in NU in the 4th quarter worth $605,829,000. Atmos Capital Gestao DE Recursos LTDA. lifted its position in NU by 10.9% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 15,815,788 shares of the company’s stock worth $264,756,000 after acquiring an additional 1,554,704 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in NU by 20.1% during the fourth quarter. Compound Planning Inc. now owns 67,241 shares of the company’s stock valued at $1,126,000 after acquiring an additional 11,272 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.