Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.50.
A number of analysts have recently weighed in on STNE shares. Morgan Stanley upped their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group cut their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Citigroup restated a "neutral" rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, Barclays boosted their target price on StoneCo from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st.
Check Out Our Latest Research Report on StoneCo
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Squadra Investments Gestao DE Recursos LTDA. grew its position in 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 worth $111,191,000 after purchasing an additional 4,446,709 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of StoneCo by 36.2% in the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company's stock worth $128,617,000 after acquiring an additional 3,035,530 shares during the period. Norges Bank purchased a new stake in StoneCo during the fourth quarter valued at $22,642,000. State Street Corp boosted its position in StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company's stock worth $89,765,000 after purchasing an additional 2,692,558 shares during the last quarter. Finally, Atmos Capital Gestao DE Recursos LTDA. grew its stake in shares of StoneCo by 23.0% during 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 purchasing an additional 2,173,389 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.
StoneCo Trading Up 1.5 %
Shares of STNE traded up $0.16 during mid-day trading on Friday, hitting $10.73. 4,267,716 shares of the company's stock traded hands, compared to its average volume of 5,566,278. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.31 billion, a P/E ratio of 8.38, a PEG ratio of 0.41 and a beta of 2.33. The business's 50-day moving average price is $9.77 and its 200-day moving average price is $9.90. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million for the quarter, compared to analysts' expectations of $3.59 billion. As a group, sell-side analysts forecast that StoneCo will post 1.16 EPS for the current fiscal year.
StoneCo Company Profile
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Get Free ReportStoneCo 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.
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