StoneCo (NASDAQ:STNE) Price Target Raised to $6.00 at Morgan Stanley

StoneCo (NASDAQ:STNE - Get Free Report) had its price objective upped by equities researchers at Morgan Stanley from $5.70 to $6.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Morgan Stanley's target price indicates a potential downside of 47.60% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Barclays reduced their price objective on shares of StoneCo from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price objective on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Citigroup reissued a "neutral" rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

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StoneCo Trading Up 1.1 %

Shares of NASDAQ:STNE traded up $0.13 on Friday, hitting $11.45. 6,691,157 shares of the company's stock were exchanged, compared to its average volume of 5,456,876. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. StoneCo has a 12 month low of $7.72 and a 12 month high of $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $9.92.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. Analysts anticipate that StoneCo will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. increased its stake in StoneCo by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock valued at $111,234,000 after purchasing an additional 2,534,079 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its position in shares of StoneCo by 46.8% in the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after acquiring an additional 4,446,709 shares during the period. Atmos Capital Gestao DE Recursos LTDA. increased its position in shares of StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company's stock valued at $92,642,000 after acquiring an additional 2,173,389 shares during the period. State Street Corp lifted its position in StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company's stock worth $89,765,000 after acquiring an additional 2,692,558 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after purchasing an additional 2,008,710 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

About StoneCo

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.