Brokerages Set StoneCo Ltd. (NASDAQ:STNE) PT at $17.80

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.80.

STNE has been the topic of several research analyst reports. Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a research report on Thursday. Barclays decreased their price objective on StoneCo from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday, August 1st. Evercore ISI cut their target price on StoneCo from $25.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, June 25th. Morgan Stanley reaffirmed an "underweight" rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group lowered their price target on shares of StoneCo from $21.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, June 26th.

StoneCo Stock Performance

Shares of StoneCo stock traded up $0.35 during trading on Friday, reaching $11.33. The company's stock had a trading volume of 2,494,194 shares, compared to its average volume of 4,487,606. StoneCo has a one year low of $9.34 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.39 and a beta of 2.30. The business's fifty day moving average price is $12.52 and its 200-day moving average price is $13.82.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The business had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. As a group, equities research analysts predict that StoneCo will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Central Bank & Trust Co. bought a new position in shares of StoneCo in the second quarter worth about $40,000. Lazard Asset Management LLC acquired a new position in StoneCo during the 1st quarter worth $41,000. Benjamin F. Edwards & Company Inc. boosted its position in StoneCo by 152.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company's stock valued at $58,000 after buying an additional 2,110 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of StoneCo during the second quarter valued at $135,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Company Profile

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.