UBS Group Lowers NU Price Target to $15.00

On Tuesday, UBS Group announced a reduction in their price target for NU Holdings Ltd. (NYSE:NU) from $15.50 to $15.00. This decision was highlighted in a research report from the brokerage firm. UBS has assigned a "neutral" rating to the company's stock. The revised price target suggests that there is potential for a 10.25% upside, compared to NU's current stock price.

Other brokerage firms have also provided their insights on NU. KeyCorp recently raised their target from $15.00 to $17.00 and classified the stock as "overweight." Citigroup took a different approach, lowering their assessment of NU from a "neutral" to a "sell" rating, while also slashing their price target from $14.60 to $11.00. Meanwhile, the Goldman Sachs Group increased its target for NU from $17.00 to $19.00 and rated it as a "buy." Itau BBA Securities downgraded the company from an "outperform" rating to a "market perform" category.

Analyst Ratings Overview

As of now, one equity research analyst labels NU as a sell, four suggest holding the stock, and five have given it a buy rating. According to MarketBeat's data, the consensus rating stands at "Hold," with an average target price of $15.80.

Current Stock Performance

On Tuesday, NU opened its trading at $13.61. The company boasts a market capitalization of $64.84 billion and operates with a price-to-earnings (P/E) ratio of 37.76. The average price-to-earnings growth (PEG) ratio is 0.49, while the beta is recorded at 1.10. The stock has shown a movement between a 12-month low of $9.67 and a high of $16.15. Additionally, NU's fifty-day simple moving average sits at $11.86, and the 200-day simple moving average is at $13.21.

Institutional Investment Activity

Several hedge funds and institutional investors have recently engaged in buying and selling shares of NU. Notably, Piscataqua Savings Bank significantly increased its shareholding by 500% during the fourth quarter, acquiring a total of 3,000 shares valued at $31,000. Orion Capital Management LLC entered a new stake in NU worth around $50,000 in the same quarter. TD Waterhouse Canada Inc. also raised its stake by 190.8%, now holding 4,900 shares worth approximately $51,000 after adding 3,215 shares during this period. Campbell Capital Management Inc. and Toth Financial Advisory Corp also made new investments, each valued over $50,000. Institutional investors currently hold approximately 84.02% of NU's stock.

Company Overview

Nu Holdings Ltd., founded on February 26, 2016, is a holding company that specializes in providing digital banking services. It was established by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible, with its headquarters located in George Town, Cayman Islands.

UBS, target, NU