StoneCo (NASDAQ:STNE) Price Target Raised to $25.00

by · The Cerbat Gem

StoneCo (NASDAQ:STNE – Free Report) had its price objective lifted by Bank of America from $15.00 to $25.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Santander upgraded StoneCo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 21st. Zacks Research raised shares of StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Finally, UBS Group lifted their target price on StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, StoneCo has an average rating of “Moderate Buy” and a consensus target price of $16.56.

Read Our Latest Analysis on StoneCo

StoneCo Trading Up 2.8%

Shares of StoneCo stock opened at $18.12 on Tuesday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -25.89, a PEG ratio of 0.38 and a beta of 1.91. The business has a 50-day moving average price of $15.11 and a 200-day moving average price of $13.41. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo has a twelve month low of $7.72 and a twelve month high of $18.27.

StoneCo (NASDAQ:STNE – Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $643.82 million during the quarter, compared to analyst estimates of $3.78 billion. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%. Equities research analysts anticipate that StoneCo will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. boosted its position in StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock worth $48,000 after purchasing an additional 2,715 shares in the last quarter. SG Americas Securities LLC acquired a new stake in StoneCo in the 1st quarter valued at about $597,000. Atmos Capital Gestao DE Recursos LTDA. raised its holdings in StoneCo by 3.1% in the 1st quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock valued at $125,581,000 after acquiring an additional 359,037 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of StoneCo in the first quarter valued at about $13,640,000. Finally, GAMMA Investing LLC boosted its position in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock worth $30,000 after purchasing an additional 2,720 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Company Profile

(Get Free Report)

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.

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