Nu Holdings Ltd. (NYSE:NU) Given Average Recommendation of “Moderate Buy” by Analysts

Nu Holdings Ltd. (NYSE:NU) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.21.

Several equities research analysts have weighed in on NU shares. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Susquehanna reaffirmed a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Finally, Bank of America upped their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Autumn Glory Partners LLC purchased a new position in NU in the 3rd quarter valued at about $325,000. Warther Private Wealth LLC lifted its stake in NU by 1.7% in the 3rd quarter. Warther Private Wealth LLC now owns 857,344 shares of the company’s stock worth $11,703,000 after purchasing an additional 13,950 shares in the last quarter. Schwartz Investment Counsel Inc. purchased a new position in NU in the 3rd quarter worth approximately $1,751,000. Assenagon Asset Management S.A. lifted its stake in NU by 222.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 7,202,188 shares of the company’s stock worth $98,310,000 after purchasing an additional 4,969,101 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in NU in the 3rd quarter worth approximately $1,379,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU stock opened at $15.01 on Friday. The stock’s 50-day simple moving average is $14.22 and its 200-day simple moving average is $12.74. NU has a 52 week low of $7.74 and a 52 week high of $15.16. The company has a market capitalization of $71.54 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 0.66 and a beta of 1.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $2.85 billion for 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 period in the previous year, the business earned $0.05 earnings per share. As a group, analysts expect that NU will post 0.41 earnings per share 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.