StoneCo (NASDAQ:STNE) Price Target Raised to $15.00

by · The Markets Daily

StoneCo (NASDAQ:STNE – Get Free Report) had its target price boosted by investment analysts at Barclays from $13.00 to $15.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 11.77% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group dropped 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. Citigroup upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Morgan Stanley raised their target price on StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus price target of $15.63.

Get Our Latest Stock Report on STNE

StoneCo Stock Performance

StoneCo stock traded down $0.23 during midday trading on Monday, hitting $13.42. The company’s stock had a trading volume of 8,063,155 shares, compared to its average volume of 5,783,813. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.41 and a beta of 2.01. StoneCo has a 1-year low of $7.72 and a 1-year high of $16.94. The company has a 50-day moving average price of $11.56 and a two-hundred day moving average price of $10.14.

StoneCo (NASDAQ:STNE – Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. As a group, sell-side analysts predict that StoneCo will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STNE. Covestor Ltd raised its position in StoneCo by 40.7% in the first quarter. Covestor Ltd now owns 23,665 shares of the company’s stock valued at $248,000 after purchasing an additional 6,844 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of StoneCo by 998.7% in the first quarter. Headlands Technologies LLC now owns 24,293 shares of the company’s stock valued at $255,000 after buying an additional 22,082 shares during the period. Fourth Sail Capital LP bought a new position in StoneCo in the 1st quarter valued at approximately $13,640,000. JGP Global Gestao de Recursos Ltda. boosted its position 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 buying an additional 3,707,941 shares during the period. Finally, Truffle Hound Capital LLC boosted its position in StoneCo by 220.0% during the 1st quarter. Truffle Hound Capital LLC now owns 400,000 shares of the company’s stock worth $4,192,000 after buying an additional 275,000 shares during the period. 73.19% of the stock is currently owned by institutional investors.

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.

See Also