Barclays Issues Positive Forecast for StoneCo (NASDAQ:STNE) Stock Price

StoneCo (NASDAQ:STNE - Get Free Report) had its price objective upped by research analysts at Barclays from $10.00 to $12.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 3.76% from the stock's previous close.

A number of other research firms also recently commented on STNE. The Goldman Sachs Group cut their target price on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Citigroup reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.50.

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StoneCo Stock Up 2.2 %

STNE stock traded up $0.25 during trading on Friday, hitting $11.57. 3,062,332 shares of the stock traded hands, compared to its average volume of 5,450,915. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93. The firm's 50 day moving average is $9.42 and its two-hundred day moving average is $9.92. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.02% and a return on equity of 13.92%. The company had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. On average, sell-side analysts anticipate that StoneCo will post 1.16 EPS for the current year.

Institutional Trading of StoneCo

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after purchasing an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after purchasing an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of StoneCo in the 4th quarter worth about $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in StoneCo by 31.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,800 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

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.