Nu Holdings Ltd. (NYSE:NU) Stock Has Consensus Target Price of $17.94

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.94.

Several equities research analysts recently commented on the company. Susquehanna increased their price target on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Wolfe Research lowered their price objective on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of NU in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. raised their target price on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th.

NU Stock Performance

NU opened at $14.58 on Thursday. NU has a twelve month low of $11.20 and a twelve month high of $18.98. The firm has a market capitalization of $70.78 billion, a PE ratio of 19.70, a PEG ratio of 0.60 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $14.49 and its 200 day moving average price is $13.93.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. As a group, sell-side analysts expect that NU will post 0.86 EPS for the current fiscal year.

Insider Transactions at NU

In other NU news, CEO Cristina Junqueira sold 25,000 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer directly owned 4,877,593 shares in the company, valued at $73,212,670.93. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. This trade represents a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 386,707 shares of company stock valued at $6,001,588 in the last three months. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NU. Waverly Advisors LLC grew its position in NU by 6.4% in the second quarter. Waverly Advisors LLC now owns 12,933 shares of the company’s stock worth $173,000 after acquiring an additional 783 shares during the period. World Investment Advisors raised its position in NU by 5.1% in the first quarter. World Investment Advisors now owns 16,370 shares of the company’s stock valued at $235,000 after purchasing an additional 791 shares during the period. Mason & Associates Inc raised its position in NU by 2.7% in the first quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock valued at $416,000 after purchasing an additional 808 shares during the period. United Asset Strategies Inc. raised its position in NU by 1.6% in the first quarter. United Asset Strategies Inc. now owns 54,216 shares of the company’s stock valued at $779,000 after purchasing an additional 837 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its stake in shares of NU by 1.9% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock valued at $679,000 after purchasing an additional 935 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Company Profile

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking and payment products primarily through mobile applications. The company offers digital accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Nubank was founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible with the goal of expanding access to simpler, lower-cost financial services through technology.