NU (NYSE:NU) Stock Price Expected to Rise, Susquehanna Analyst Says

NU (NYSE:NU) had its price objective hoisted by equities research analysts at Susquehanna from $17.00 to $19.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 20.00% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, August 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and lifted their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Santander upgraded NU to a “neutral” rating in a report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

NU Stock Up 1.6%

NU stock opened at $15.83 on Friday. The firm’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $13.88. The stock has a market cap of $76.29 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.55.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 31.82% and a net margin of 17.97%.The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts predict that NU will post 0.58 EPS for the current year.

Institutional Trading of NU

A number of hedge funds have recently bought and sold shares of NU. Nisa Investment Advisors LLC acquired a new stake in NU during the first quarter worth about $61,000. Ballentine Partners LLC bought a new stake in shares of NU in the 1st quarter worth approximately $137,000. CWM LLC increased its position in shares of NU by 40.2% during the first quarter. CWM LLC now owns 75,008 shares of the company’s stock valued at $768,000 after purchasing an additional 21,508 shares during the period. Bleakley Financial Group LLC increased its position in shares of NU by 46.7% during the first quarter. Bleakley Financial Group LLC now owns 22,209 shares of the company’s stock valued at $227,000 after purchasing an additional 7,065 shares during the period. Finally, Signaturefd LLC raised its stake in shares of NU by 190.7% in the first quarter. Signaturefd LLC now owns 11,149 shares of the company’s stock valued at $114,000 after purchasing an additional 7,314 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

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.