Nu Holdings Ltd. (NYSE:NU) is expected to post earnings of -$0.01 per share

Analysts expect Nu Holdings Ltd. (NYSE:NU – Get Rating) will report earnings per share of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Two analysts released NU earnings estimates. The company is expected to release its next quarterly results after the market closes on Monday, January 1.

According to Zacks, analysts expect NU to report annual earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.04. For the next fiscal year, analysts expect the company to report earnings of $0.10 per share, with EPS estimates ranging from $0.05 to $0.18. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who follow NU.

Several stock analysts have recently released reports on NU shares. Moffett Nathanson began covering NU’s actions in a report on Tuesday, April 5. They issued a “buy” rating and a target price of $11.00 on the stock. Bank of America began covering NU shares in a report on Friday, January 28. They issued a “neutral” rating and a target price of $7.50 on the stock. Zacks Investment Research upgraded NU shares from a “hold” rating to a “buy” rating and set a target price of $6.75 on the stock in a report released Wednesday. Finally, Bradesco Corretora began covering NU’s actions in a Wednesday, February 16, report. They issued an “underperforming” rating and a target price of $5.00 on the stock. Two equity research analysts gave the stock a sell rating, four issued a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, NU currently has a consensus rating of “Buy” and a consensus price target of $10.98.

Shares of NYSE:NU traded down $0.19 during Friday’s midday session, hitting $5.23. 17,485,743 shares of the company were traded, against an average volume of 11,565,146. The company’s fifty-day simple moving average is $7.17. NU has a 12-month low of $5.02 and a 12-month high of $12.24.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Nkcfo LLC bought a new position in NU in the first quarter worth approximately $31,000. NTB Financial Corp bought a new stake in shares of NU during Q1 valued at around $77,000. Parametric Portfolio Associates LLC purchased a new stake in NU stock during Q4, valued at approximately $98,000. Rothschild Investment Corp IL purchased a new equity stake in NU during Q1 worth approximately $81,000. Finally, Steward Partners Investment Advisory LLC purchased a new equity stake in NU during Q1 worth approximately $112,000. Hedge funds and other institutional investors hold 70.71% of the company’s shares.

About NU (Get a rating)

Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico and Colombia. It offers Nu credit and debit cards; ultraviolet credit and debit cards; and mobile payment solutions enabling NuAccount customers to make and receive transfers, pay bills and make everyday purchases via their mobile phone.

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