NU (NYSE:NU) Price Target Raised to $20.50

NU (NYSE:NU – Free Report) had its price objective raised by UBS Group from $18.20 to $20.50 in a research report released on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on NU. Susquehanna boosted their target price on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings cut shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price target on shares of NU from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Wolfe Research dropped their price target on NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of NU in a research note on Monday, September 28th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.12.

Read Our Latest Research Report on NU

NU Stock Down 2.4%

Shares of NU opened at $14.69 on Tuesday. 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 capitalization of $71.33 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. NU has a 1 year low of $11.20 and a 1 year high of $18.98. The business’s 50 day simple moving average is $14.57 and its 200-day simple moving average is $13.94.

NU (NYSE:NU – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. The firm had revenue of $5.88 billion during the quarter. As a group, equities analysts expect that NU will post 0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristina Junqueira sold 25,000 shares of the business’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 transaction, the chief executive officer owned 4,877,593 shares in the company, valued at $73,212,670.93. This trade 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 90 days, insiders sold 386,707 shares of company stock valued at $6,001,588. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NU

Institutional investors have recently made changes to their positions in the company. Waverly Advisors LLC boosted its stake in shares of NU by 6.4% during the 2nd quarter. Waverly Advisors LLC now owns 12,933 shares of the company’s stock worth $173,000 after purchasing an additional 783 shares during the period. World Investment Advisors grew its holdings in NU by 5.1% during the 1st quarter. World Investment Advisors now owns 16,370 shares of the company’s stock valued at $235,000 after purchasing an additional 791 shares during the last quarter. Mason & Associates Inc grew its holdings in NU by 2.7% during the 1st quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock valued at $416,000 after purchasing an additional 808 shares during the last quarter. United Asset Strategies Inc. raised its position in NU by 1.6% in the 1st quarter. United Asset Strategies Inc. now owns 54,216 shares of the company’s stock worth $779,000 after purchasing an additional 837 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in NU by 1.9% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock worth $679,000 after purchasing an additional 935 shares during the period. Institutional investors own 84.02% of the company’s stock.

About NU

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NU (NYSE:NU)

Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.