Nu Holdings Ltd. (NYSE:NU) Receives $15.21 Consensus Target Price from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.21.

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. 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. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Susquehanna reissued a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Finally, Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th.

Institutional Investors Weigh In On NU

Several hedge funds and other institutional investors have recently bought and sold shares of NU. GAMMA Investing LLC increased its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Marcum Wealth LLC increased its holdings in shares of NU by 2.5% in the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares during the last quarter. Stokes Family Office LLC increased its holdings in shares of NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after acquiring an additional 1,000 shares during the last quarter. Fortis Capital Management LLC increased its holdings in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Americana Partners LLC increased its holdings in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 0.5 %

Shares of NYSE:NU opened at $14.94 on Friday. The stock’s 50-day moving average price is $14.26 and its two-hundred day moving average price is $12.78. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. NU has a 12-month low of $7.74 and a 12-month high of $15.16. The firm has a market cap of $71.20 billion, a price-to-earnings ratio of 57.46, a PEG ratio of 0.66 and a beta of 1.15.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates 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 company posted $0.05 EPS. On average, research analysts forecast that NU will post 0.41 EPS for the current year.

About NU

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.