StoneCo (NASDAQ:STNE) Sets New 1-Year High – Here’s What Happened

by · The Cerbat Gem

StoneCo Ltd. (NASDAQ:STNE – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $15.82 and last traded at $15.62, with a volume of 519985 shares. The stock had previously closed at $15.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STNE shares. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. Barclays raised their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Santander raised StoneCo from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 21st. Citigroup upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Morgan Stanley increased their price target on StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.57.

Check Out Our Latest Report on StoneCo

StoneCo Stock Up 3.7%

The firm has a 50 day moving average of $13.87 and a 200-day moving average of $11.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $4.56 billion, a P/E ratio of -20.43, a price-to-earnings-growth ratio of 0.42 and a beta of 1.93.

StoneCo (NASDAQ:STNE – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. On average, equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of StoneCo in the 1st quarter valued at $70,502,000. Squadra Investments Gestao DE Recursos LTDA. increased its position in StoneCo by 46.8% in the fourth 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. JGP Global Gestao de Recursos Ltda. raised its holdings in StoneCo by 484.8% during the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company’s stock worth $46,874,000 after purchasing an additional 3,707,941 shares during the last quarter. Norges Bank acquired a new position in StoneCo during the 4th quarter valued at about $22,642,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of StoneCo by 22.2% in the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock valued at $111,234,000 after purchasing an additional 2,534,079 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

About StoneCo

(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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