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

Shares of Nu Holdings Ltd. (NYSE:NU) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $13.43.

A number of brokerages have commented on NU. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. The Goldman Sachs Group increased their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Finally, UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd.

NU Price Performance

NU stock opened at $14.94 on Friday. The company’s 50 day moving average is $12.96 and its two-hundred day moving average is $11.97. The firm has a market cap of $71.20 billion, a PE ratio of 57.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. NU has a 52-week low of $6.63 and a 52-week high of $15.06.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts expect that NU will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in 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. ORG Partners LLC purchased a new position in shares of NU during the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC acquired a new position in shares of NU during the 2nd quarter worth approximately $88,000. LRI Investments LLC acquired a new position in shares of NU in the first quarter worth $91,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of NU in the fourth quarter valued at $94,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

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.