Nu Holdings Ltd. (NYSE:NU) Receives $17.08 Consensus PT from Brokerages

Nu Holdings Ltd. (NYSE:NU) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.0818.

Several analysts have recently weighed in on NU shares. CICC Research started coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Finally, Bank of America reissued an “underperform” rating on shares of NU in a report on Tuesday, June 2nd.

NU Price Performance

Shares of NYSE:NU opened at $12.73 on Friday. NU has a 1-year low of $11.20 and a 1-year high of $18.98. The firm has a market capitalization of $61.83 billion, a PE ratio of 19.59, a PEG ratio of 0.51 and a beta of 0.95. The business’s 50 day moving average is $13.46 and its 200-day moving average is $15.27. 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 (NYSE:NU) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.06 billion. Sell-side analysts predict that NU will post 0.84 earnings per share for the current year.

NU announced that its Board of Directors has approved a stock buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on 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. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value 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 approximately $34,245,725.78. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by insiders.

Institutional Trading of NU

Several institutional investors have recently bought and sold shares of the stock. Sowell Financial Services LLC boosted its stake in NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after buying an additional 599 shares in the last quarter. Parallel Advisors LLC boosted its stake in 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 buying an additional 601 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in NU by 1.2% in the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock valued at $842,000 after buying an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in NU by 1.2% in the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock valued at $866,000 after buying an additional 621 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in NU by 3.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after buying an additional 624 shares in the last quarter. Institutional investors and hedge funds 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.