NU (NYSE:NU) Price Target Cut to $17.20 by Analysts at UBS Group

NU (NYSE:NU) had its price target decreased by equities research analysts at UBS Group from $18.40 to $17.20 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 13.42% from the stock’s current price.

Several other equities research analysts also recently weighed in on NU. JPMorgan Chase & Co. upped their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Susquehanna upped their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, KeyCorp lifted their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

NU Stock Performance

Shares of NU traded up $0.41 during mid-day trading on Wednesday, reaching $15.17. 15,146,049 shares of the company’s stock traded hands, compared to its average volume of 54,717,625. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The business’s 50-day moving average price is $17.07 and its 200-day moving average price is $16.19. The stock has a market capitalization of $73.07 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11. NU has a 12 month low of $9.01 and a 12 month high of $18.98.

NU (NYSE:NU) last posted its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Equities analysts predict that NU will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On NU

Hedge funds and other institutional investors have recently modified their holdings of the stock. World Investment Advisors purchased a new stake in NU during the second quarter valued at about $176,000. Atlantic Union Bankshares Corp purchased a new stake in shares of NU in the second quarter valued at $38,000. Resona Asset Management Co. Ltd. boosted its position in shares of NU by 6.4% in the second quarter. Resona Asset Management Co. Ltd. now owns 901,422 shares of the company’s stock worth $12,308,000 after buying an additional 54,409 shares during the period. Savant Capital LLC grew its holdings in shares of NU by 259.6% during the second quarter. Savant Capital LLC now owns 82,015 shares of the company’s stock valued at $1,125,000 after buying an additional 59,207 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in NU by 13.4% during the second quarter. Metis Global Partners LLC now owns 23,057 shares of the company’s stock valued at $316,000 after buying an additional 2,724 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Company Profile

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.