In yesterday’s Wall Street session, Nu Holdings Ltd (NYSE:NU) shares traded at $14.69, up 0.41% from the previous session.
NU stock price is now 9.13% away from the 50-day moving average and 28.81% away from the 200-day moving average. The market capitalization of the company currently stands at $70.22B.
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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, Duggal Jagpreet Singh, Officer bought 45,775 shares of the company’s stock on Sep 17 ’24. The stock was bought for $686,625 at an average price of $15.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Officer LIVIA MARTINES CHANES & BRUNO bought 150,000 shares of the business’s stock. A total of $2,176,500 was incurred on buying the stock at an average price of $14.51. 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 $6.77 and a high of $15.16. According to the stock market information, the enterprise value for the company is $63900450816, which is based on a 46.81 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for NU is $13.4862 and a two-hundred day moving average price translates $11.4369 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.
