Nu Holdings Ltd. (NYSE:NU) Receives Average Rating of “Moderate Buy” from Brokerages

Nu Holdings Ltd. (NYSE:NU) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.0818.

A number of analysts have issued reports on the company. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, June 3rd.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the company’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 owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NU

Several institutional investors and hedge funds have recently added to or reduced their stakes in NU. LOM Asset Management Ltd acquired a new stake in NU during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of NU in the fourth quarter worth about $27,000. Finally, Morse Asset Management Inc purchased a new stake in shares of NU in the fourth quarter worth about $31,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU opened at $12.05 on Friday. The business’s 50-day moving average price is $13.62 and its 200 day moving average price is $15.42. 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 twelve month low of $11.20 and a twelve month high of $18.98. The company has a market capitalization of $58.51 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.46 and a beta of 0.95.

NU (NYSE:NU) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, research analysts predict that NU will post 0.84 earnings per share for the current year.

NU announced that its Board of Directors has initiated a share repurchase program on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

NU Company Profile

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.