Nu Holdings Ltd. (NYSE:NU) Receives $17.06 Consensus PT from Analysts

Shares of Nu Holdings Ltd. (NYSE:NU) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.06.

NU has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Santander raised NU to a “neutral” rating in a research report on Monday, August 25th. UBS Group boosted their target price on NU from $14.30 to $15.60 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Susquehanna lifted their price target on NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Finally, Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th.

NU Trading Up 0.5%

Shares of NYSE NU opened at $15.70 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. NU has a one year low of $9.01 and a one year high of $16.15. The business has a 50-day moving average price of $13.50 and a two-hundred day moving average price of $12.36. The firm has a market capitalization of $75.65 billion, a PE ratio of 34.13, a PEG ratio of 0.81 and a beta of 1.07.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, analysts predict that NU will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NU

Several hedge funds have recently bought and sold shares of NU. Baird Financial Group Inc. bought a new stake in shares of NU during the 4th quarter worth about $111,000. Balyasny Asset Management L.P. acquired a new position in NU during the fourth quarter valued at approximately $387,000. Cetera Investment Advisers raised its position in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company’s stock valued at $2,013,000 after purchasing an additional 10,955 shares during the period. Fiduciary Trust Co acquired a new position in NU in the 4th quarter valued at $215,000. Finally, Ethic Inc. grew its stake in NU by 19.1% in the 4th quarter. Ethic Inc. now owns 162,144 shares of the company’s stock valued at $1,680,000 after buying an additional 25,979 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

About NU

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.