StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.56.

Several equities analysts have recently issued reports on the stock. Evercore ISI cut their price objective on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Susquehanna cut their price target on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group decreased their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Thursday, June 6th. Finally, Citigroup raised their target price on StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th.

StoneCo Stock Performance

Shares of STNE stock opened at $12.11 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.81 billion, a PE ratio of 10.91, a PEG ratio of 0.31 and a beta of 2.33. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The business’s fifty day simple moving average is $14.00 and its 200-day simple moving average is $15.98.

StoneCo (NASDAQ:STNE) last announced its earnings results on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. The company had revenue of $623.12 million for the quarter, compared to analyst estimates of $633.35 million. Analysts expect that StoneCo will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

Hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC raised its position in StoneCo by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock valued at $599,000 after acquiring an additional 692 shares in the last quarter. Diversified Trust Co increased its holdings in shares of StoneCo by 3.3% during the 4th quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock valued at $641,000 after purchasing an additional 1,151 shares in the last quarter. TrinityPoint Wealth LLC lifted its stake in shares of StoneCo by 11.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after purchasing an additional 1,167 shares during the period. Private Advisor Group LLC boosted its holdings in StoneCo by 4.2% during the fourth quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock worth $593,000 after buying an additional 1,329 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in StoneCo during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

About StoneCo

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.