Brokerages Set Nu Holdings Ltd. (NYSE:NU) PT at $10.74

Nu Holdings Ltd. (NYSE:NU) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.74.

A number of analysts have weighed in on NU shares. KeyCorp boosted their price target on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Susquehanna lifted their price objective on NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research note on Wednesday, May 15th. Finally, TheStreet upgraded NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th.

Hedge Funds Weigh In On NU

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new position in NU during the fourth quarter valued at about $52,000. UMB Bank n.a. bought a new stake in shares of NU in the 4th quarter valued at approximately $55,000. PNC Financial Services Group Inc. grew its stake in shares of NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after purchasing an additional 2,258 shares during the period. Seven Mile Advisory bought a new stake in shares of NU in the 3rd quarter valued at approximately $82,000. Finally, Sand Hill Global Advisors LLC bought a new stake in shares of NU in the 3rd quarter valued at approximately $84,000. 80.90% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NYSE:NU opened at $11.69 on Monday. NU has a fifty-two week low of $6.61 and a fifty-two week high of $12.49. The business has a 50-day moving average of $11.50 and a two-hundred day moving average of $10.47. The stock has a market capitalization of $55.71 billion, a P/E ratio of 44.96, a P/E/G ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. On average, equities research analysts predict that NU will post 0.41 EPS for the current fiscal 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.