NU (NYSE:NU) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of NU (NYSE:NU) in a report released on Wednesday morning, Marketbeat.com reports. The firm issued an overweight rating and a $15.00 target price on the stock.

NU has been the topic of a number of other reports. TheStreet upgraded NU from a c+ rating to a b rating in a research report on Friday, March 8th. KeyCorp raised their target price on NU from $12.00 to $13.00 and gave the company an overweight rating in a research note on Monday, April 22nd. Jefferies Financial Group raised their target price on NU from $10.80 to $15.20 and gave the company a buy rating in a research note on Monday, June 24th. Finally, Susquehanna raised their target price on NU from $12.00 to $14.00 and gave the company a positive rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NU has an average rating of Moderate Buy and an average price target of $11.70.

NU Price Performance

Shares of NU stock opened at $12.89 on Wednesday. The firm has a market cap of $61.43 billion, a P/E ratio of 49.58, a P/E/G ratio of 0.61 and a beta of 1.13. NU has a fifty-two week low of $6.61 and a fifty-two week high of $13.01. The business’s 50 day moving average price is $11.71 and its 200-day moving average price is $10.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. On average, equities research analysts anticipate that NU will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners purchased a new position in NU during the fourth quarter valued at $52,000. UMB Bank n.a. purchased a new position in NU during the fourth quarter valued at $55,000. LRI Investments LLC purchased a new position in NU during the first quarter valued at $91,000. PNC Financial Services Group Inc. raised its stake in NU by 37.1% during the third quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after buying an additional 2,258 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after buying an additional 5,672 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

About NU

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.