Is Nu Holdings Ltd [NU] a good investment? Don’t be fooled by its recent momentum

The price of Nu Holdings Ltd (NYSE:NU) shares last traded on Wall Street fell -0.82% to $8.45.

Based on available information, 17 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 $16.00 and a low of $4.00, we find $9.40. Given the previous closing price of $8.52, this indicates a potential upside of 10.33 percent. NU stock price is now 11.37% away from the 50-day moving average and 29.81% away from the 200-day moving average. The market capitalization of the company currently stands at $40.08B.

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Among analysts, 5 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $9.39 as their price target over the next twelve months.

A total of 54.56% of the company’s stock is owned by insiders.

A candlestick chart of Nu Holdings Ltd (NYSE: NU) showed a price of $8.55 on Monday morning. During the past 12 months, Nu Holdings Ltd has had a low of $3.39 and a high of $8.62. The fifty day moving average price for NU is $7.59 and a two-hundred day moving average price translates $6.51 for the stock.

The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.04 by 0.01. This compares to -$0.01 EPS in the same period last year. The net profit margin was 1.51% and return on equity was 1.48% for NU. The company reported revenue of $1.5 billion for the quarter, compared to $853.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.87 percent. For the current quarter, analysts expect NU to generate $2.03B 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.

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