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

Shares of Nu Holdings Ltd. (NYSE:NU) have earned an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.2417.

NU has been the subject of a number of recent research reports. Needham & Company LLC began coverage on NU in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective for the company. CICC Research started coverage on NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Susquehanna cut NU from a “positive” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th.

Insider Buying and Selling at NU

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NU

A number of hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its holdings in NU by 5.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,770,572 shares of the company’s stock valued at $37,015,000 after purchasing an additional 146,764 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of NU during the 2nd quarter worth approximately $226,000. Legacy Wealth Asset Management LLC raised its stake in shares of NU by 1.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock worth $679,000 after buying an additional 935 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of NU by 6.4% in the 2nd quarter. Breakwater Capital Group now owns 21,266 shares of the company’s stock valued at $284,000 after buying an additional 1,284 shares during the period. Finally, Sarasin & Partners LLP acquired a new stake in shares of NU in the 2nd quarter valued at approximately $478,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 0.9%

NYSE NU opened at $14.46 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $70.21 billion, a PE ratio of 22.25, a P/E/G ratio of 0.57 and a beta of 0.94. NU has a one year low of $11.20 and a one year high of $18.98. The firm’s fifty day moving average is $13.28 and its two-hundred day moving average is $14.51.

NU (NYSE:NU) last announced its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Analysts expect that NU will post 0.83 earnings per share for the current year.

NU announced that its board has approved a stock buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.