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

StoneCo (NASDAQ:STNE) had its price target hoisted by Barclays from $13.00 to $15.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

STNE has been the subject of a number of other reports. The Goldman Sachs Group decreased their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Morgan Stanley raised their target price on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus target price of $15.63.

StoneCo Stock Up 0.7%

STNE stock opened at $13.99 on Monday. StoneCo has a twelve month low of $7.72 and a twelve month high of $15.64. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.00 billion, a P/E ratio of 10.93, a PEG ratio of 0.41 and a beta of 2.01. The business’s 50-day moving average price is $11.82 and its 200-day moving average price is $10.21.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to analysts’ expectations of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities research analysts forecast that StoneCo will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its position in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after acquiring an additional 277,963 shares during the last quarter. Commons Capital LLC acquired a new position in shares of StoneCo during the fourth quarter worth approximately $383,000. KBC Group NV acquired a new position in shares of StoneCo during the fourth quarter worth approximately $73,000. Verde Servicos Internacionais S.A. lifted its position in StoneCo by 68.0% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 67,000 shares of the company’s stock worth $534,000 after purchasing an additional 27,128 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in StoneCo by 5.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company’s stock worth $7,869,000 after purchasing an additional 47,841 shares during the period. Institutional investors and hedge funds 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.