Analysts Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $17.80

StoneCo Ltd. (NASDAQ:STNE) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $17.80.

A number of research firms have issued reports on STNE. The Goldman Sachs Group cut their price target on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. UBS Group lifted their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays lowered their price target on StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. 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. Finally, JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Thursday, June 6th.

Hedge Funds Weigh In On StoneCo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. USA Financial Formulas purchased a new stake in StoneCo during the fourth quarter worth about $26,000. Central Bank & Trust Co. bought a new position in shares of StoneCo during the 2nd quarter valued at approximately $40,000. Lazard Asset Management LLC bought a new position in shares of StoneCo during the 1st quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of StoneCo by 152.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock worth $58,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after purchasing an additional 2,275 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Price Performance

Shares of STNE opened at $12.39 on Tuesday. The business’s fifty day moving average is $13.07 and its 200 day moving average is $14.32. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.83 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.43 and a beta of 2.31.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million for the quarter, compared to analyst estimates of $590.74 million. StoneCo had a net margin of 15.27% and a return on equity of 13.21%. Sell-side analysts anticipate that StoneCo will post 1.1 earnings per share for the current fiscal year.

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.