StoneCo Ltd. (NASDAQ:STNE) Receives $16.13 Average PT from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.13.

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Barclays dropped their price objective on StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. Cantor Fitzgerald raised StoneCo to a "strong-buy" rating in a report on Thursday, October 3rd. Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research note on Monday.

StoneCo Stock Performance

STNE traded down $0.04 during trading on Thursday, hitting $8.00. The stock had a trading volume of 6,604,870 shares, compared to its average volume of 5,307,030. 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 firm has a market cap of $2.47 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.35 and a beta of 2.21. The company has a 50 day moving average price of $10.28 and a 200-day moving average price of $11.76. StoneCo has a one year low of $7.99 and a one year high of $19.46.

Institutional Investors Weigh In On StoneCo

Several hedge funds have recently added to or reduced their stakes in STNE. Schwartz Investment Counsel Inc. lifted its holdings in StoneCo by 3.2% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 276,200 shares of the company's stock worth $3,312,000 after buying an additional 8,500 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of StoneCo by 10.5% in the second quarter. Bank of New York Mellon Corp now owns 970,355 shares of the company's stock valued at $11,635,000 after buying an additional 92,122 shares in the last quarter. HB Wealth Management LLC bought a new position in StoneCo in the 2nd quarter valued at about $153,000. Principal Financial Group Inc. boosted its position in shares of StoneCo by 12.3% during the second quarter. Principal Financial Group Inc. now owns 254,449 shares of the company's stock valued at $3,051,000 after buying an additional 27,807 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of StoneCo in the 2nd quarter worth $137,000. 73.19% of the stock is currently 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.