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

Shares of Nu Holdings Ltd. (NYSE:NU) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat reports. One 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 twelve-month price target among brokerages that have covered the stock in the last year is $17.2417.

Several analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. CICC Research started coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th.

NU Trading Down 1.3%

Shares of NU traded down $0.19 during midday trading on Tuesday, hitting $13.87. 10,597,878 shares of the stock were exchanged, compared to its average volume of 53,629,070. NU has a 52-week low of $11.20 and a 52-week high of $18.98. The stock has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $14.95. The firm has a market cap of $67.37 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

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

NU declared that its Board of Directors has approved a share buyback program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board 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 that occurred on Friday, May 15th. The shares were 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 trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On NU

A number of hedge funds and other institutional investors have recently modified their holdings of NU. LOM Asset Management Ltd purchased a new position in NU in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in NU by 14,810.0% during the 4th 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 last quarter. Cornerstone Planning Group LLC boosted its position in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NU in the 4th quarter valued at about $27,000. Finally, Morse Asset Management Inc purchased a new position in shares of NU in the 4th quarter valued at about $31,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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.