NU (NYSE:NU) Research Coverage Started at Monness Crespi & Hardt

Monness Crespi & Hardt began coverage on shares of NU (NYSE:NU) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $20.00 target price on the stock.

NU has been the topic of several other research reports. Susquehanna raised their target price on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. UBS Group boosted their target price on NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Rothschild & Co Redburn set a $19.00 price target on NU in a report on Monday, September 28th. JPMorgan Chase & Co. upped their price target on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.25.

NU Stock Down 3.5%

NU stock opened at $11.96 on Monday. NU has a 1-year low of $11.20 and a 1-year high of $18.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market cap of $58.10 billion, a PE ratio of 16.17, a P/E/G ratio of 0.62 and a beta of 0.95. The stock’s fifty day moving average is $14.42 and its two-hundred day moving average is $14.54.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. On average, sell-side analysts expect that NU will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the transaction, the insider owned 979,446 shares in the company, valued at $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer owned 4,877,593 shares of the company’s stock, valued at $73,212,670.93. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 386,707 shares of company stock valued at $6,001,588.

Institutional Trading of NU

Hedge funds and other institutional investors have recently made changes to their positions in the company. MGO One Seven LLC grew its position in NU by 24.8% during the 3rd quarter. MGO One Seven LLC now owns 20,190 shares of the company’s stock worth $256,000 after purchasing an additional 4,015 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in NU by 2.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 181,000 shares of the company’s stock valued at $2,291,000 after purchasing an additional 4,500 shares during the period. Ashoka WhiteOak Capital Pte Ltd acquired a new position in NU in the third quarter valued at $8,178,000. Choreo LLC raised its holdings in shares of NU by 3.4% in the third quarter. Choreo LLC now owns 85,510 shares of the company’s stock valued at $1,083,000 after buying an additional 2,793 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of NU by 8.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 18,882 shares of the company’s stock valued at $239,000 after buying an additional 1,538 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Trending Headlines about NU

Here are the key news stories impacting NU this week:

• Positive Sentiment: Nu Holdings continues to be viewed as a leading digital-bank growth story in Latin America, with substantial customer expansion and strong net margins. A comparison with American Express characterized NU as the region’s dominant digital-banking force, supporting the long-term growth case. American Express vs. Nu: Which Financial Stock Is a Better Buy?
• Neutral Sentiment: Monness Crespi & Hardt initiated coverage of NU, adding another analyst firm to the stock’s coverage base. The report details provided do not specify a rating or price target, limiting its immediate investment significance. Monness Crespi & Hardt Initiates Coverage on NU
• Neutral Sentiment: Analyst commentary compared Nu Holdings with Dave, emphasizing differences in scale, profitability, valuation and recent stock performance rather than announcing a material change to NU’s fundamentals. Nu Holdings vs. Dave: Which Fintech Stock Is the Better Buy Right Now?
• Negative Sentiment: Brazilian equities sold off after the unexpected reelection of President Luiz Inácio Lula da Silva. For NU, whose business is heavily tied to Brazil and other Latin American markets, investors are concerned about possible changes in regulation, taxation, economic policy and the competitive environment. Brazilian Stocks Sink After Surprising Presidential Election Result
• Negative Sentiment: Additional coverage focused on political and leadership uncertainty following Lula’s victory, questioning whether NU’s valuation adequately compensates investors for those risks. A separate analysis specifically described the election result as a threat to Nu Holdings’ outlook. Nu Holdings Faces Political And Leadership Questions Nu Holdings: 2 Q&As That Highlight The Threat Posed By Lula’s Victory
• Negative Sentiment: NU broke below its 200-day moving average, a bearish technical signal that can prompt additional selling from momentum-focused investors. Coverage also attributed the recent weakness to the broader Brazil-related concerns. NU Stock Breaks Below 200-Day Moving Average

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.