Nu Holdings Ltd (NYSE:NU) shares traded -0.83% lower at $11.93 on Wall Street last session.
NU stock price is now -14.80% away from the 50-day moving average and -6.75% away from the 200-day moving average. The market capitalization of the company currently stands at $56.99B.
With the price target reduced from $14.60 to $11, Citigroup Downgraded its rating from Neutral to Sell for Nu Holdings Ltd (NYSE: NU). , while ‘UBS’ rates the stock as ‘Neutral’
In other news, Duggal Jagpreet Singh, Officer bought 111,047 shares of the company’s stock on Nov 26 ’24. The stock was bought for $1,702,722 at an average price of $15.33. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Officer Olivier Vitor Guarino bought 471,214 shares of the business’s stock. A total of $6,785,990 was incurred on buying the stock at an average price of $14.40. A total of 34.16% of the company’s stock is owned by insiders.
During the past 12 months, Nu Holdings Ltd has had a low of $8.06 and a high of $16.15. The fifty day moving average price for NU is $14.0406 and a two-hundred day moving average price translates $12.7848 for the stock.
The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for 2024-09-30. The net profit margin was 18.16% and return on equity was 26.31% for NU. The company reported revenue of $2.47 billion for the quarter, compared to $1.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.77 percent.
