Analysts Set Nu Holdings Ltd. (NYSE:NU) PT at $17.08

Shares of Nu Holdings Ltd. (NYSE:NU) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.0818.

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. CICC Research started coverage on shares of NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research report on Wednesday, June 3rd. Finally, Bank of America reaffirmed an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd.

NU Stock Performance

NU stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. NU has a 1-year low of $11.20 and a 1-year high of $18.98. The firm has a market capitalization of $61.85 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95. The company’s 50-day moving average is $13.51 and its 200 day moving average is $15.33.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Research analysts forecast that NU will post 0.84 EPS for the current year.

NU declared that its Board of Directors has approved a share buyback program on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On NU

A number of institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of NU by 28.1% during the first quarter. Empowered Funds LLC now owns 414,075 shares of the company’s stock worth $5,950,000 after acquiring an additional 90,861 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new position in NU during the first quarter valued at approximately $6,299,000. Militia Capital Management LLC purchased a new position in NU during the first quarter valued at approximately $2,299,000. Bank of America Corp DE increased its holdings in NU by 8.6% during the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after buying an additional 3,656,945 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in NU during the first quarter valued at approximately $4,532,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

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.