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In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
NYSE:NU

NU (NU) Stock Price, News & Analysis

$10.22
-0.14 (-1.35%)
(As of 02/23/2024 ET)
Today's Range
$9.94
$10.46
50-Day Range
$8.09
$10.47
52-Week Range
$4.13
$10.49
Volume
76.82 million shs
Average Volume
36.27 million shs
Market Capitalization
$47.98 billion
P/E Ratio
48.67
Dividend Yield
N/A
Price Target
$9.50

NU MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
7.0% Downside
$9.50 Price Target
Short Interest
Healthy
1.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of NU in the last 14 days
Based on 44 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
47.62%
From $0.42 to $0.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.14 out of 5 stars

Business Services Sector

199th out of 316 stocks

Nondepository Credit Institutions Industry

21st out of 48 stocks


NU stock logo

About NU Stock (NYSE:NU)

Nu Holdings Ltd., traded on the NYSE as NU, is a Brazilian neobank (neobanks are online/digital banks) and the largest fintech bank in Latin America. Nu Holdings Ltd. was founded in 2013. Its founders include Colombian David Vélez, Brazilian Cristina Junqueira, and American Edward Wible. Nu Holdings Ltd. completed its first transaction with a Nubank card on April 1, 2014. Nubank became a unicorn startup in 2018, with a valuation of US$1 billion. Nubank's headquarters are located in São Paulo, Brazil, and the company also has engineering offices in Berlin, Germany, Buenos Aires, Argentina, and an office in Mexico City, Mexico. The company has raised $1.3 billion, and its investors include Berkshire Hathaway, Sequoia Capital, Tencent, and Tiger Global Management.

Nubank has launched several products, including NuConta (a digital account), an international credit card, personal loans, life insurance, and investments. Nubank's differentiating factor is its credit card, which is controlled entirely through a mobile app. In 2017, Nubank launched its loyalty program, Nubank Rewards, which offers points that can be redeemed for a product catalog or discounts on services, travel, and entertainment. In the same year, Nubank launched its digital account, NuConta. In late 2018, it began offering payments through debit. In 2019, the fintech started testing personal loans, and the company announced it would begin operations in Mexico through a subsidiary called Nu.

Nubank has undergone a significant expansion, with its valuation reaching US$45 billion after its initial public offering (IPO) in December 2021. Nubank's IPO was the largest in Brazilian history, raising US$5.7 billion. Berkshire Hathaway invested $1 billion in Nubank's stocks before and after the IPO. In 2022, Nubank was ranked as the best bank in Brazil by Forbes.

Nubank's management team is composed of its founders and other industry experts. David Vélez, Nubank's Chief Executive Officer, previously worked as a partner at Sequoia Capital, where he specialized in technology investments. Cristina Junqueira, Nubank's Chief Financial Officer, previously worked as a partner at PwC and as an investment banker at Deutsche Bank. Edward Wible, Nubank's former Chief Technology Officer, left his position in April 2021 and became the Director of Technological Platforms. The company's engineering team comprises professionals from several countries and top universities worldwide.

Nubank faces several risks and challenges, including changes in consumer preferences, regulatory changes, and competitive pressures. The company also faces currency risks due to its presence in several countries. However, Nubank has several growth opportunities, including new product launches, acquisitions, or expansions into new markets. Nubank has already expanded to Mexico and Colombia, and the company plans to expand to other countries.

Nubank operates in the broader fintech industry, which has grown rapidly in recent years. Several companies, including Square, PayPal, and Stripe, compete with Nubank in the payments industry. However, Nubank's unique credit card offering, entirely controlled through a mobile app, differentiates the company from its competitors. The fintech industry is subject to regulatory and political issues that may impact the industry's growth. However, the industry's growth potential remains strong, with digital payments expected to continue to grow opportunities for Nubank include expanding its product offerings beyond the Brazilian market and increasing its customer base in other Latin American countries. In particular, Nubank has shown interest in developing further into Mexico and Colombia, where it already has a presence but has yet to reach the scale of its operations in Brazil. Additionally, the company could offer more services to its existing customers, such as savings accounts or other investment products, to increase its revenue streams and customer loyalty.

However, there are also risks and challenges facing Nubank. One significant risk is the possibility of increased regulatory scrutiny, particularly in Brazil, where the company is based. As Nubank grows and gains market share, it may face increased scrutiny from government regulators, which could impact its ability to operate or impose additional costs on the company.

Another risk is the potential for increased competition in the fintech space, particularly from established financial institutions looking to enter the digital banking market. As more traditional banks and financial institutions embrace digital banking, they may threaten Nubank's customer base and market share.

Overall, Nubank's innovative approach to banking and strong track record of growth and profitability make it an attractive investment opportunity for those interested in fintech. However, potential investors should carefully consider the risks and challenges facing the company and its valuation compared to its peers before deciding to invest.

NU Stock Price History

NU Stock News Headlines

NU (NYSE:NU) Shares Gap Down After Earnings Miss
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NU Mar 2024 7.000 put
NU Mar 2024 9.500 call
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NU Feb 2024 13.500 call
NU Mar 2024 11.000 call
NU Feb 2024 12.000 put
Nu Holdings reports Q4 results
NU Target of Unusually Large Options Trading (NYSE:NU)
This Is What Whales Are Betting On Nu Holdings
NU (NU) Scheduled to Post Quarterly Earnings on Thursday
NU Mar 2024 9.000 call
NU Mar 2024 10.500 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
2/24/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Banks - Regional
Sub-Industry
N/A
Fax
N/A
Employees
8,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.50
High Stock Price Target
$12.00
Low Stock Price Target
$6.10
Potential Upside/Downside
-7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$-364,580,000.00
Pretax Margin
10.71%

Debt

Sales & Book Value

Annual Sales
$4.79 billion
Cash Flow
$0.05 per share
Book Value
$1.04 per share

Miscellaneous

Outstanding Shares
4,694,790,000
Free Float
4,638,451,000
Market Cap
$47.98 billion
Optionable
Not Optionable
Beta
0.93
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Key Executives

  • Mr. David Velez-Osomo
    Founder, Chairman & CEO
  • Mr. Youssef Lahrech (Age 49)
    COO & President
  • Ms. Cristina Helena Zingaretti Junqueira (Age 41)
    Co-Founder & Chief Growth Officer
  • Mr. Guilherme Marques do Lago (Age 45)
    Chief Financial Officer
  • Mr. Vitor Guarino Olivier (Age 34)
    Chief Technology Officer
  • Mr. Jorg Friedemann
    Investor Relations Officer
  • Ms. Suzana Kubric (Age 44)
    Chief of Human Resources Officer
  • Mr. Jagpreet Singh Duggal (Age 50)
    Chief Product Officer
  • Mr. Henrique Camossa Saldanha Fragelli (Age 47)
    Chief Risk Officer
  • Ms. Livia Martines Chanes
    Chief Executive Officer of Brazil

Should I Buy NU Stock? NU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of NU was last updated on Thursday, February 22, 2024 at 9:43 PM.

Pros

Here are some ways that investors could benefit from investing in Nu Holdings Ltd.:

  • Nu Holdings Ltd. has shown consistent growth in institutional investor stakes, indicating confidence in the company's performance and potential.
  • Recent analyst upgrades and positive ratings suggest a favorable outlook for the company's stock, potentially leading to price appreciation.
  • The company's stock price has been trading at a relatively stable level, providing a sense of security for investors.
  • Nu Holdings Ltd. has a market capitalization of $48.68 billion, indicating a significant presence in the market and potential for further growth.
  • The company's financial ratios, such as P/E ratio and debt-to-equity ratio, are within reasonable ranges, reflecting a healthy financial position.

Cons

Investors should be bearish about investing in Nu Holdings Ltd. for these reasons:

  • Despite recent positive analyst ratings, there is still a level of uncertainty in the market that could impact the stock's performance.
  • The company's current ratio and quick ratio are relatively low, indicating potential liquidity challenges in the short term.
  • NU stock has a beta of 0.93, suggesting moderate volatility compared to the market, which may not be suitable for all investors.
  • There is a history of fluctuation in NU stock price, which could lead to short-term losses for investors not prepared for market volatility.
  • While NU has a moderate consensus rating, individual investor risk tolerance and investment goals should be considered before investing.














NU Stock Analysis - Frequently Asked Questions

Should I buy or sell NU stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NU in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NU shares.
View NU analyst ratings
or view top-rated stocks.

What is NU's stock price target for 2024?

9 brokerages have issued 12 month price objectives for NU's shares. Their NU share price targets range from $6.10 to $12.00. On average, they anticipate the company's share price to reach $9.50 in the next twelve months. This suggests that the stock has a possible downside of 7.0%.
View analysts price targets for NU
or view top-rated stocks among Wall Street analysts.

How have NU shares performed in 2024?

NU's stock was trading at $8.33 at the beginning of 2024. Since then, NU shares have increased by 22.7% and is now trading at $10.22.
View the best growth stocks for 2024 here
.

Are investors shorting NU?

NU saw a decline in short interest in January. As of January 31st, there was short interest totaling 47,610,000 shares, a decline of 10.5% from the January 15th total of 53,210,000 shares. Based on an average daily volume of 28,710,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.9% of the company's shares are sold short.
View NU's Short Interest
.

When is NU's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our NU earnings forecast
.

How were NU's earnings last quarter?

Nu Holdings Ltd. (NYSE:NU) released its quarterly earnings data on Thursday, February, 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. NU had a net margin of 12.84% and a trailing twelve-month return on equity of 20.76%. During the same quarter last year, the company posted $0.03 earnings per share.

When did NU IPO?

(NU) raised $2.5 billion in an initial public offering on Thursday, December 9th 2021. The company issued 289,150,555 shares at $8.00-$9.00 per share.

Who are NU's major shareholders?

NU's stock is owned by many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (3.73%), Baillie Gifford & Co. (2.44%), Galileo PTC Ltd (2.02%), Sands Capital Management LLC (1.82%), Jennison Associates LLC (1.40%) and Coatue Management LLC (1.34%).

How do I buy shares of NU?

Shares of NU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NU) was last updated on 2/24/2024 by MarketBeat.com Staff