StoneCo Ltd. (NASDAQ:STNE) Receives $17.44 Average PT from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.2143.

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. UBS Group raised their price objective on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Zacks Research upgraded shares of StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. The Goldman Sachs Group increased their price target on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Bank of America lifted their price target on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th.

Institutional Investors Weigh In On StoneCo

Institutional investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of StoneCo during the second quarter valued at $574,000. Atmos Capital Gestao DE Recursos LTDA. lifted its position in StoneCo by 3.1% in the 1st quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock valued at $125,581,000 after purchasing an additional 359,037 shares during the last quarter. Fox Run Management L.L.C. lifted its position in StoneCo by 72.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 51,420 shares of the company’s stock valued at $825,000 after purchasing an additional 21,604 shares during the last quarter. Intech Investment Management LLC boosted its stake in StoneCo by 10.5% during the 1st quarter. Intech Investment Management LLC now owns 180,665 shares of the company’s stock valued at $1,893,000 after purchasing an additional 17,192 shares during the period. Finally, Fourth Sail Capital LP bought a new position in StoneCo in the 1st quarter worth about $13,640,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Down 3.9%

Shares of StoneCo stock opened at $16.87 on Friday. StoneCo has a 1-year low of $7.72 and a 1-year high of $19.95. The company has a market capitalization of $4.82 billion, a PE ratio of -31.24, a P/E/G ratio of 0.34 and a beta of 2.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.48. The business has a 50-day moving average of $18.31 and a 200-day moving average of $15.80.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The business had revenue of $669.49 million for the quarter, compared to analysts’ expectations of $669.81 million. As a group, equities analysts forecast that StoneCo will post 1.16 EPS 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.