StoneCo Ltd. (NASDAQ:STNE) Stock Has Average Target Price of $14.30

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.30.

A number of equities analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of StoneCo in a research report on Thursday, October 15th. Bank of America lowered shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 target price on the stock. Finally, Weiss Ratings upgraded shares of StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 20th.

Insider Buying and Selling

In related news, Director Silvio Morais sold 21,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of StoneCo

Several institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its stake in StoneCo by 19.5% in the third quarter. SBI Securities Co. Ltd. now owns 6,109 shares of the company’s stock worth $57,000 after buying an additional 995 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of StoneCo by 559.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 6,885,009 shares of the company’s stock worth $64,306,000 after acquiring an additional 5,840,741 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of StoneCo during the third quarter worth approximately $4,296,000. GAMMA Investing LLC raised its stake in shares of StoneCo by 63.1% during the third quarter. GAMMA Investing LLC now owns 6,339 shares of the company’s stock worth $59,000 after acquiring an additional 2,452 shares in the last quarter. Finally, Andra AP fonden lifted its holdings in shares of StoneCo by 159.5% in the 2nd quarter. Andra AP fonden now owns 1,593,600 shares of the company’s stock worth $17,275,000 after acquiring an additional 979,400 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

NASDAQ:STNE opened at $8.15 on Friday. StoneCo has a 1 year low of $7.06 and a 1 year high of $19.64. The stock’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $12.30.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. On average, analysts expect that StoneCo will post 2.21 EPS for the current year.

About StoneCo

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.