Analysts Set Nu Holdings Ltd. (NYSE:NU) Price Target at $17.91

Shares of Nu Holdings Ltd. (NYSE:NU) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.9111.

A number of equities research analysts have recently issued reports on NU shares. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Needham & Company LLC boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. UBS Group upped their target price on NU from $16.90 to $18.20 and gave the company a “buy” rating in a report on Thursday, August 20th. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Wednesday, June 3rd. Finally, Wolfe Research reduced their price target on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th.

NU Stock Performance

NU opened at $14.47 on Wednesday. The firm has a market capitalization of $70.26 billion, a PE ratio of 19.55, a PEG ratio of 0.56 and a beta of 0.94. NU has a twelve month low of $11.20 and a twelve month high of $18.98. The firm’s 50-day moving average price is $14.06 and its 200 day moving average price is $14.08. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The company had revenue of $5.88 billion during the quarter. As a group, sell-side analysts expect that NU will post 0.86 EPS for the current fiscal year.

NU announced that its Board of Directors has initiated a share buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 65,000 shares of NU stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total transaction of $956,150.00. Following the transaction, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 361,707 shares of company stock valued at $5,626,338.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NU during the 4th quarter worth $27,000. Morse Asset Management Inc purchased a new position in shares of NU during the 4th quarter worth $31,000. Finally, Fifth Third Bancorp increased its position in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.