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NYSE:NU

NU (NU) Stock Price, News & Analysis

$11.92
+0.25 (+2.14%)
(As of 12:03 PM ET)
Today's Range
$11.62
$11.98
50-Day Range
$10.47
$12.26
52-Week Range
$6.45
$12.49
Volume
9.25 million shs
Average Volume
29.07 million shs
Market Capitalization
$55.96 billion
P/E Ratio
45.85
Dividend Yield
N/A
Price Target
$10.74

NU MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
10.0% Downside
$10.74 Price Target
Short Interest
Healthy
2.29% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of NU in the last 14 days
Based on 41 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
51.28%
From $0.39 to $0.59 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.

2.23 out of 5 stars

Business Services Sector

207th out of 305 stocks

Nondepository Credit Institutions Industry

27th 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

1 Warren Buffett Stock to Buy Hand Over Fist
Susquehanna Increases NU (NYSE:NU) Price Target to $14.00
NU (NYSE:NU) Shares Up 5.5% Following Analyst Upgrade
Nubank CEO talks expansion plans amid Q1 beat
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/21/2024
Next Earnings (Estimated)
8/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
7,686
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.74
High Stock Price Target
$14.00
Low Stock Price Target
$8.10
Potential Upside/Downside
-7.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
20.49%

Debt

Sales & Book Value

Annual Sales
$8.03 billion
Cash Flow
$0.27 per share
Book Value
$1.36 per share

Miscellaneous

Outstanding Shares
4,694,790,000
Free Float
N/A
Market Cap
$54.37 billion
Optionable
Not Optionable
Beta
1.11
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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. Elita Vechin Pastorelo Ariaz
    Chief Legal 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

NU Stock Analysis - Frequently Asked Questions

Should I buy or sell NU stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NU in the last twelve months. There are currently 1 hold rating and 6 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?

7 brokerages have issued twelve-month price targets for NU's shares. Their NU share price targets range from $8.10 to $14.00. On average, they predict the company's share price to reach $10.74 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
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 stock has increased by 43.2% and is now trading at $11.93.
View the best growth stocks for 2024 here
.

When is NU's next earnings date?

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

How were NU's earnings last quarter?

Nu Holdings Ltd. (NYSE:NU) released its earnings results on Thursday, February, 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. NU had a trailing twelve-month return on equity of 22.94% and a net margin of 13.86%. During the same quarter last year, the company earned $0.03 EPS.

Is NU a good dividend stock?

NU (NYSE:NU) pays an annual dividend of $1.67 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 642.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NU will have a dividend payout ratio of 283.05% in the coming year. This indicates that the company may not be able to sustain their current dividend.

When did NU IPO?

NU (NU) raised $2.5 billion in an initial public offering (IPO) 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 institutional and retail investors. Top institutional investors include Capital Research Global Investors (4.32%), Baillie Gifford & Co. (3.61%), WCM Investment Management LLC (2.13%), Jennison Associates LLC (1.86%), Technology Crossover Management X Ltd. (1.49%) and Price T Rowe Associates Inc. MD (0.78%).

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 5/21/2024 by MarketBeat.com Staff

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