StoneCo Ltd. (NASDAQ:STNE) Stock Has Average Target Price of $14.30

by · The Markets Daily

Shares of StoneCo Ltd. (NASDAQ:STNE – Get Free Report) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.30.

STNE has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of StoneCo in a research report on Monday, September 14th. Jefferies Financial Group began coverage on shares of StoneCo in a research report on Thursday, July 23rd. They set a “hold” rating and a $12.60 price target for the company. UBS Group decreased their price target on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Finally, Bank of America lowered StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Wednesday, July 15th.

Check Out Our Latest Stock Analysis on STNE

Insider Activity

In other StoneCo news, Director Silvio Morais sold 21,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On StoneCo

Large investors have recently modified their holdings of the business. SPX Gestao de Recursos Ltda increased its position in StoneCo by 47.6% during the first quarter. SPX Gestao de Recursos Ltda now owns 7,728,014 shares of the company’s stock worth $109,120,000 after purchasing an additional 2,491,394 shares during the last quarter. BRC Global BAH Investments Ltd. grew its stake in shares of StoneCo by 32.7% in the 1st quarter. BRC Global BAH Investments Ltd. now owns 7,580,409 shares of the company’s stock valued at $107,035,000 after buying an additional 1,867,018 shares during the period. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in shares of StoneCo by 435.5% during the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock worth $94,071,000 after buying an additional 5,418,053 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of StoneCo by 151.7% during the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company’s stock worth $85,180,000 after buying an additional 3,636,276 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of StoneCo by 34.7% during the 4th quarter. Geode Capital Management LLC now owns 4,856,536 shares of the company’s stock valued at $71,637,000 after buying an additional 1,251,385 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

StoneCo stock opened at $9.55 on Wednesday. The stock has a 50-day moving average price of $9.99 and a 200 day moving average price of $11.26. StoneCo has a 52 week low of $8.95 and a 52 week high of $19.64. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 3.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.68. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.84.

StoneCo (NASDAQ:STNE – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $129.73 million during the quarter, compared to the consensus estimate of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. Sell-side analysts anticipate that StoneCo will post 2.23 EPS for the current year.

StoneCo Company Profile

(Get Free Report)

StoneCo Ltd. is a Brazilian financial technology company that provides payment processing, banking and business-management solutions to entrepreneurs and small and medium-sized businesses. Its services are designed to help merchants accept electronic payments, manage cash flow and operate their businesses through integrated digital tools.

The company’s offerings include point-of-sale and mobile payment solutions, online payment processing, digital banking services, working-capital and credit products, and software for retail and other business operations.

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