NU's (NU) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• NU's stock rating was reaffirmed as "hold (c)" by Weiss Ratings, amidst reports from several brokerages adjusting their target prices and ratings.
• The current consensus rating for NU is "Moderate Buy" with a consensus price target of $17.06, following positive adjustments from major firms like JPMorgan and Susquehanna.
• NU's last quarterly earnings surpassed expectations with an EPS of $0.14, while the revenue slightly fell short of estimates at $3.70 billion.

NU (NYSE:NU - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on NU. JPMorgan Chase & Co. increased their target price on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Susquehanna raised their price objective on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. UBS Group raised their price objective on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Santander raised NU to a "neutral" rating in a research report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

NU Trading Down 0.4%

NU traded down $0.06 during trading on Wednesday, hitting $15.41. 1,158,556 shares of the stock were exchanged, compared to its average volume of 55,433,480. The firm has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $12.94. The firm has a market cap of $74.23 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 0.79 and a beta of 1.08. NU has a 1 year low of $9.01 and a 1 year high of $16.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the business posted $0.12 EPS. As a group, equities analysts expect that NU will post 0.58 EPS for the current year.

Hedge Funds Weigh In On NU

Large investors have recently bought and sold shares of the business. IFM Investors Pty Ltd raised its holdings in NU by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company's stock worth $1,098,000 after purchasing an additional 34,017 shares during the period. Kera Capital Partners Inc. increased its stake in NU by 6.8% during the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company's stock worth $7,280,000 after buying an additional 33,999 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in NU during the 1st quarter worth approximately $113,000. LBP AM SA increased its stake in NU by 241.2% during the 2nd quarter. LBP AM SA now owns 824,623 shares of the company's stock worth $11,314,000 after buying an additional 582,919 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new stake in NU during the 2nd quarter worth approximately $1,439,000. Institutional investors and hedge funds own 84.02% of the company's stock.

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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