Nu Holdings Ltd. (NYSE:NU) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Nu Holdings Ltd. has received an average recommendation of "Moderate Buy" from analysts, with four hold ratings and nine buy ratings among thirteen firms.
• Citigroup upgraded NU from a "sell" to a "buy" rating, raising the target price from $9.00 to $18.00, while Morgan Stanley maintained an "overweight" rating.
• In its latest earnings report, NU posted $0.14 EPS, exceeding the consensus estimate of $0.12, with a revenue of $3.70 billion, slightly below analyst expectations.

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.06.

NU has been the subject of several research analyst reports. Citigroup upgraded NU from a "sell" rating to a "buy" rating and increased their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Susquehanna lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. Bank of America upped their target price on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a report on Saturday, September 27th.

NU Stock Up 0.4%

Shares of NU stock opened at $15.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. NU has a one year low of $9.01 and a one year high of $16.42. The company's fifty day moving average price is $14.29 and its 200-day moving average price is $12.87. The company has a market capitalization of $73.61 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the business posted $0.12 EPS. Sell-side analysts expect that NU will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC grew its holdings in shares of NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares in the last quarter. Rothschild Investment LLC lifted its position in NU by 6.3% during the second quarter. Rothschild Investment LLC now owns 17,671 shares of the company's stock valued at $242,000 after purchasing an additional 1,046 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in NU by 1.4% during the second quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company's stock valued at $1,046,000 after purchasing an additional 1,063 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after buying an additional 1,136 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of NU by 3.9% in the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company's stock worth $430,000 after buying an additional 1,180 shares during 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.

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