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

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three research 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 covered the stock in the last year is $13.43.

Several analysts have recently commented on NU shares. Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group raised their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

Hedge Funds Weigh In On NU

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the last quarter. ORG Partners LLC purchased a new position in shares of NU in the 2nd quarter worth about $54,000. Opal Wealth Advisors LLC acquired a new position in shares of NU in the 2nd quarter valued at about $88,000. LRI Investments LLC purchased a new stake in shares of NU during the 1st quarter worth about $91,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in NU during the 4th quarter worth approximately $94,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Performance

NYSE NU opened at $13.71 on Friday. The business has a 50 day moving average price of $13.15 and a 200 day moving average price of $12.12. The company has a market capitalization of $65.32 billion, a P/E ratio of 52.71, a PEG ratio of 0.72 and a beta of 1.17. NU has a 1-year low of $6.67 and a 1-year high of $15.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the company posted $0.05 EPS. Sell-side analysts expect that NU will post 0.4 EPS for the current fiscal year.

NU Company Profile

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.