StoneCo Ltd. (NASDAQ:STNE) Receives $14.38 Average Price Target from Brokerages

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.38.

Several research firms have recently weighed in on STNE. The Goldman Sachs Group lowered their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Susquehanna decreased their price target on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research note on Wednesday, November 13th. Citigroup reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, Barclays reduced their target price on shares of StoneCo from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company's stock valued at $736,000 after purchasing an additional 45,218 shares in the last quarter. National Pension Service acquired a new position in shares of StoneCo during the 3rd quarter worth $915,000. Asset Management One Co. Ltd. lifted its holdings in shares of StoneCo by 681.9% in the third quarter. Asset Management One Co. Ltd. now owns 33,964 shares of the company's stock valued at $382,000 after purchasing an additional 29,620 shares in the last quarter. Gulf International Bank UK Ltd purchased a new position in shares of StoneCo during the 3rd quarter worth approximately $210,000. Finally, Atria Investments Inc raised its position in shares of StoneCo by 19.0% during the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company's stock worth $228,000 after purchasing an additional 3,241 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.

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StoneCo Stock Performance

STNE traded up $0.05 during trading hours on Tuesday, hitting $9.56. The company's stock had a trading volume of 2,639,972 shares, compared to its average volume of 6,338,814. The firm has a market capitalization of $2.95 billion, a PE ratio of 7.48, a PEG ratio of 0.41 and a beta of 2.33. The company has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $10.26. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

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.