Nu Holdings Ltd. (NYSE:NU) Given Consensus Rating of “Moderate Buy” by Brokerages

Nu Holdings Ltd. (NYSE:NU) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.21.

A number of equities research analysts recently issued reports on NU shares. Jefferies Financial Group upped their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. The Goldman Sachs Group upped their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Barclays upped their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a report on Thursday, August 15th.

Hedge Funds Weigh In On NU

A number of hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its position in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. ORG Partners LLC acquired a new position in shares of NU in the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC bought a new stake in NU during the 2nd quarter worth approximately $88,000. Finally, LRI Investments LLC acquired a new stake in NU during the 1st quarter valued at $91,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 2.0 %

NYSE:NU opened at $14.45 on Friday. The stock has a market cap of $68.87 billion, a PE ratio of 46.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. NU has a fifty-two week low of $7.74 and a fifty-two week high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50-day moving average is $14.12 and its two-hundred day moving average is $12.68.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the previous year, the company posted $0.05 EPS. As a group, equities research analysts forecast that NU will post 0.41 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.