The price of Nu Holdings Ltd. (NYSE:NU) shares last traded on Wall Street fell -5.62% to $7.72.
Based on available information, 20 analysts follow Nu Holdings Ltd. (NYSE:NU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $4.00, we find $7.85. Given the previous closing price of $8.18, this indicates a potential downside of -4.03 percent. NU stock price is now 10.75% away from the 50-day moving average and 51.87% away from the 200-day moving average. The market capitalization of the company currently stands at $38.56B.
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Among analysts, 7 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $7.70 as their price target over the next twelve months.
With the price target reduced from $7 to $6.10, Citigroup Downgraded its rating from Buy to Neutral for Nu Holdings Ltd. (NYSE: NU).
A total of 9.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NU stock. A new stake in Nu Holdings Ltd. shares was purchased by MAVERICK CAPITAL LTD during the first quarter worth $99,250,000. THORNTREE CAPITAL PARTNERS LP invested $25,025,000 in shares of NU during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Nu Holdings Ltd. valued at approximately $23,987,000. INDUSTRY VENTURES, L.L.C. acquired a new stake in NU for approximately $20,566,000. CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM purchased a new stake in NU valued at around $20,543,000 in the second quarter. In total, there are 361 active investors with 66.00% ownership of the company’s stock.
A candlestick chart of Nu Holdings Ltd. (NYSE: NU) showed a price of $8.15 on Friday morning. During the past 12 months, Nu Holdings Ltd. has had a low of $3.39 and a high of $8.29. The fifty day moving average price for NU is $7.02 and a two-hundred day moving average price translates $5.10 for the stock.
The latest earnings results from Nu Holdings Ltd. (NYSE: NU) was released for Mar, 2023. According to the Banks – Diversified Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.02 by 0.02. This compares to -$0.01 EPS in the same period last year. The net profit margin was -3.20% and return on equity was -3.60% for NU. The company reported revenue of $1.26 billion for the quarter, compared to $619.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 102.67 percent. For the current quarter, analysts expect NU to generate $1.74B in revenue.
Nu Holdings Ltd.(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. The company provides savings solutions, such as Nu Personal Accounts, a digital account solution that supports all personal finance activities, from daily purchases and money transfers to savings; and Nu business accounts designed specifically for entrepreneur customers and their businesses. In addition, it offers NuCrypto, a solution for buying and selling cryptocurrencies through the Nu app; NuInvest, an investment product that provides equity, fixed-income, options, and ETF products, as well as multimarket funds with curated asset allocations based on the customer’s risk profile and financial position; personal unsecured loans; in-app buy now pay later’ solution for Nu card customers to pay credit and debit purchases, and banking payment slips over time in up to twelve installments; and NuInsurance protecting solutions to help its customers secure life insurance and funeral benefits. The company was founded in 2013 and is headquartered in Sao Paulo, Brazil.
