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

by · The Cerbat Gem

StoneCo (NASDAQ:STNE – Get Free Report) had its price target boosted by Barclays from $10.00 to $12.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 7.49% from the stock’s previous close.

A number of other brokerages also recently issued reports on STNE. Citigroup reissued a “neutral” rating and issued a $9.00 price target (down from $19.00) on shares of StoneCo in a report on Thursday, January 16th. The Goldman Sachs Group lowered their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley boosted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research report on Friday. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, StoneCo has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

View Our Latest Analysis on StoneCo

StoneCo Stock Performance

Shares of STNE stock traded down $0.02 during trading on Friday, reaching $11.16. 4,270,637 shares of the company’s stock traded hands, compared to its average volume of 5,431,958. The firm’s 50-day moving average is $9.30 and its 200 day moving average is $9.98. The company has a market capitalization of $3.45 billion, a P/E ratio of 8.72, a PEG ratio of 0.41 and a beta of 2.33. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

StoneCo (NASDAQ:STNE – Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. Equities research analysts expect that StoneCo will post 1.16 EPS for the current year.

Hedge Funds Weigh In On StoneCo

A number of hedge funds and other institutional investors have recently modified their holdings of STNE. Lansforsakringar Fondforvaltning AB publ bought a new stake in StoneCo in the 4th quarter worth approximately $367,000. Vise Technologies Inc. purchased a new position in shares of StoneCo during the fourth quarter worth approximately $106,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of StoneCo by 58.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,278,508 shares of the company’s stock worth $10,190,000 after acquiring an additional 471,117 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of StoneCo by 13,279.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,813,606 shares of the company’s stock worth $14,454,000 after acquiring an additional 1,800,051 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of StoneCo in the 4th quarter valued at $88,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

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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