StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.13.

Several research firms have recently weighed in on STNE. JPMorgan Chase & Co. cut their target price on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Cantor Fitzgerald raised shares of StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. Barclays reduced their price target on StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. Finally, Susquehanna cut their price target on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a report on Wednesday, November 13th.

StoneCo Stock Performance

Shares of STNE stock traded up $0.20 on Monday, hitting $8.05. The company had a trading volume of 1,273,692 shares, compared to its average volume of 4,533,054. The firm has a market cap of $2.49 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 0.35 and a beta of 2.23. StoneCo has a twelve month low of $7.72 and a twelve month high of $19.46. The company has a 50-day moving average price of $9.29 and a 200-day moving average price of $11.25. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STNE. State Street Corp lifted its holdings 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 buying an additional 2,692,558 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in StoneCo by 327.4% in the third quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company's stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in StoneCo during the 3rd quarter worth $9,091,000. Barclays PLC increased its holdings in StoneCo by 170.8% during the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock worth $4,962,000 after purchasing an additional 277,963 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in StoneCo in the 3rd quarter valued at about $716,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

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.