UBS Group Lowers NU (NYSE:NU) Price Target to $17.20

NU (NYSE:NU) had its price objective dropped by investment analysts at UBS Group from $18.40 to $17.20 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 16.22% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Susquehanna boosted their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, KeyCorp boosted their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU Price Performance

Shares of NYSE NU opened at $14.80 on Wednesday. The stock has a market cap of $71.32 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 0.48 and a beta of 1.11. NU has a 52 week low of $9.01 and a 52 week high of $18.98. The company’s 50-day moving average price is $17.00 and its 200 day moving average price is $16.18. 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 (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, research analysts forecast that NU will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of NU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. LOM Asset Management Ltd acquired a new position in shares of NU in the 4th quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of NU during the 4th quarter worth $27,000. Cornerstone Planning Group LLC raised its position in shares of NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares during the period. Finally, Morse Asset Management Inc acquired a new position in NU in the fourth quarter valued at $31,000. Hedge funds and other 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.