The price of Nu Holdings Ltd (NYSE:NU) shares last traded on Wall Street fell -0.87% to $14.84.
NU stock price is now 14.50% away from the 50-day moving average and 35.34% away from the 200-day moving average. The market capitalization of the company currently stands at $70.94B.
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With the price target maintained at $13.50, UBS recently Downgraded its rating from Buy to Neutral for Nu Holdings Ltd (NYSE: NU). On July 22, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $14.50, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Sands Anita M, Director bought 30,973 shares of the company’s stock on Aug 28 ’24. The stock was bought for $452,206 at an average price of $14.60. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, Director HENRIQUE CAMOSSA SALDANHA FRAG bought 135,000 shares of the business’s stock. A total of $1,956,434 was incurred on buying the stock at an average price of $14.49. A total of 37.04% of the company’s stock is owned by insiders.
During the past 12 months, Nu Holdings Ltd has had a low of $6.62 and a high of $15.06. According to the stock market information, the enterprise value for the company is $64618803200, which is based on a 47.29 price-to-earnings ratio, a 0.90 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for NU is $13.0126 and a two-hundred day moving average price translates $10.99525 for the stock.
The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for 2024-06-30. The net profit margin was 16.87% and return on equity was 24.35% for NU. The company reported revenue of $2.38 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.86 percent.
