NU (NYSE:NU) Shares Gap Up - What's Next?

Nu Holdings Ltd. (NYSE:NU - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $10.82, but opened at $11.22. NU shares last traded at $11.31, with a volume of 29,557,179 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NU. JPMorgan Chase & Co. decreased their price objective on shares of NU from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday. Citigroup lowered shares of NU from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. UBS Group decreased their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Finally, KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.47.

NU Stock Down 1.9 %

The firm has a market cap of $53.69 billion, a P/E ratio of 28.16, a P/E/G ratio of 0.48 and a beta of 1.10. The business's fifty day moving average price is $11.94 and its two-hundred day moving average price is $13.22. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Piscataqua Savings Bank raised its holdings in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares during the period. Orion Capital Management LLC bought a new position in NU in the 4th quarter worth $50,000. TD Waterhouse Canada Inc. raised its holdings in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after acquiring an additional 3,215 shares during the period. Campbell Capital Management Inc. bought a new position in NU in the 4th quarter worth $52,000. Finally, Cliffwater LLC bought a new position in NU in the 4th quarter worth $57,000. Institutional investors own 84.02% of the company's stock.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.