Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Hold” by Brokerages

Nu Holdings Ltd. (NYSE:NUGet Free Report) has earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.63.

NU has been the topic of several recent research reports. Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp boosted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd.

Get Our Latest Report on NU

NU Price Performance

Shares of NU stock opened at $12.33 on Tuesday. The stock has a market capitalization of $58.74 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 0.43 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a twelve month low of $8.51 and a twelve month high of $16.15. The stock has a fifty day simple moving average of $11.69 and a two-hundred day simple moving average of $13.13.

Hedge Funds Weigh In On NU

Several hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. Piscataqua Savings Bank lifted its holdings in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the period. Carolina Wealth Advisors LLC acquired a new position in NU in the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp purchased a new position in NU during the 3rd quarter worth approximately $55,000. Finally, GAMMA Investing LLC lifted its stake in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

About NU

(Get Free Report

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.

Recommended Stories

Analyst Recommendations for NU (NYSE:NU)

Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.