Brokerages Set Nu Holdings Ltd. (NYSE:NU) PT at $17.24

Nu Holdings Ltd. (NYSE:NU) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.2417.

NU has been the subject of several analyst reports. CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. UBS Group cut their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Wednesday, June 3rd. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, June 3rd.

NU Trading Up 0.9%

Shares of NYSE:NU traded up $0.12 during midday trading on Tuesday, hitting $13.79. The company had a trading volume of 124,217,104 shares, compared to its average volume of 50,912,856. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. NU has a 12 month low of $11.20 and a 12 month high of $18.98. The firm has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $14.88. The stock has a market cap of $66.95 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.55 and a beta of 0.95.

NU (NYSE:NU) last posted its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, analysts predict that NU will post 0.83 EPS for the current year.

NU announced that its board has authorized a stock buyback program on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC boosted its position in shares of NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after purchasing an additional 599 shares during the last quarter. Parallel Advisors LLC raised its position in shares of NU by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after acquiring an additional 601 shares during the period. MBM Wealth Consultants LLC grew its holdings in NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock valued at $842,000 after purchasing an additional 607 shares during the period. Cornerstone Wealth Group LLC raised its holdings in NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in NU by 3.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after purchasing an additional 624 shares during the period. Institutional investors own 84.02% of the company’s stock.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.