Brokerages Set Nu Holdings Ltd. (NYSE:NU) PT at $10.00

Shares of Nu Holdings Ltd. (NYSE:NU) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

NU has been the subject of a number of research reports. KeyCorp increased their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. TheStreet raised NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna upped their price objective on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, UBS Group raised their price objective on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank grew its position in NU by 1,232.5% during the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after purchasing an additional 3,833 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of NU during the fourth quarter valued at approximately $52,000. UMB Bank n.a. purchased a new position in NU in the 4th quarter worth approximately $55,000. PNC Financial Services Group Inc. raised its holdings in NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after acquiring an additional 2,258 shares during the last quarter. Finally, ProVise Management Group LLC bought a new position in NU in the 3rd quarter valued at approximately $74,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Down 1.5 %

Shares of NU stock opened at $10.85 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a fifty day moving average price of $11.34 and a 200 day moving average price of $9.57. NU has a one year low of $5.14 and a one year high of $12.39. The stock has a market cap of $50.94 billion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the prior year, the business earned $0.03 earnings per share. Analysts predict that NU will post 0.39 earnings per share for the current year.

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.