Nu Holdings Ltd. (NYSE:NU) Receives $10.00 Consensus Target Price from Brokerages

Nu Holdings Ltd. (NYSE:NU - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.00.

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of NU from $10.50 to $11.50 and gave the stock a "buy" rating in a report on Monday, January 29th. TheStreet raised shares of NU from a "c+" rating to a "b" rating in a report on Friday, March 8th. KeyCorp increased their price target on shares of NU from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, April 22nd. Finally, Susquehanna increased their price target on shares of NU from $11.00 to $12.00 and gave the stock a "positive" rating in a report on Friday, February 23rd.

NU Price Performance

NU stock traded up $0.18 during midday trading on Friday, reaching $11.05. 14,749,772 shares of the stock were exchanged, compared to its average volume of 17,416,676. The company's fifty day moving average is $11.33 and its 200-day moving average is $9.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The firm has a market cap of $51.88 billion, a PE ratio of 52.62, a PEG ratio of 0.54 and a beta of 1.08. NU has a 52 week low of $4.94 and a 52 week high of $12.39.

NU (NYSE:NU - Get Free Report) last posted its 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 last year, the company posted $0.03 EPS. On average, sell-side analysts forecast that NU will post 0.39 EPS for the current year.

Institutional Investors Weigh In On NU

A number of institutional investors have recently made changes to their positions in the business. Triasima Portfolio Management inc. boosted its position in NU by 1.5% during the 1st quarter. Triasima Portfolio Management inc. now owns 202,552 shares of the company's stock valued at $2,416,000 after buying an additional 3,085 shares during the period. UMB Bank n.a. boosted its position in NU by 117.5% during the 1st quarter. UMB Bank n.a. now owns 14,329 shares of the company's stock valued at $171,000 after buying an additional 7,741 shares during the period. Yousif Capital Management LLC boosted its position in NU by 10.9% during the 1st quarter. Yousif Capital Management LLC now owns 26,833 shares of the company's stock valued at $320,000 after buying an additional 2,641 shares during the period. SYSTM Wealth Solutions LLC boosted its position in NU by 4,308.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 41,971 shares of the company's stock valued at $501,000 after buying an additional 41,019 shares during the period. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in NU during the 1st quarter valued at $256,000. Hedge funds and other institutional investors own 80.90% of the company's stock.

About NU

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.