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

Shares of Nu Holdings Ltd. (NYSE:NU) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.2417.

Several research firms have recently commented on NU. CICC Research began coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Bank of America reiterated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a report on Wednesday, June 3rd.

Insider Activity

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

Institutional Trading of NU

A number of large investors have recently added to or reduced their stakes in NU. EverSource Wealth Advisors LLC boosted its position in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the last quarter. Jump Financial LLC increased its position in NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares during the last quarter. WINTON GROUP Ltd increased its position in NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after purchasing an additional 10,332 shares during the last quarter. AXA S.A. raised its stake in NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC raised its stake in NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after purchasing an additional 7,760 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 0.4%

NYSE NU opened at $13.71 on Tuesday. NU has a 12 month low of $11.20 and a 12 month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market cap of $66.55 billion, a PE ratio of 21.08, a P/E/G ratio of 0.55 and a beta of 0.95. The stock’s 50 day moving average is $12.92 and its 200 day moving average is $14.85.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Research analysts predict that NU will post 0.83 EPS for the current fiscal year.

NU announced that its Board of Directors has initiated a stock buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is 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.