StoneCo (NASDAQ:STNE) Given New $15.00 Price Target at BTIG Research

StoneCo (NASDAQ:STNE) had its price target decreased by BTIG Research from $22.00 to $15.00 in a research note released on Friday morning, MarketBeat Ratings reports. BTIG Research currently has a buy rating on the stock.

STNE has been the topic of several other reports. JPMorgan Chase & Co. decreased their target price on shares of StoneCo from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. UBS Group decreased their target price on shares of StoneCo from $19.50 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Santander lowered shares of StoneCo from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 29th. Finally, Zacks Research upgraded shares of StoneCo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $18.17.

StoneCo Stock Performance

NASDAQ STNE opened at $9.61 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 3.84, a P/E/G ratio of 0.21 and a beta of 1.73. The company’s fifty day moving average is $13.27 and its two-hundred day moving average is $15.11. StoneCo has a 52-week low of $9.45 and a 52-week high of $19.95.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $141.16 million for the quarter, compared to analyst estimates of $675.11 million. StoneCo had a net margin of 23.82% and a return on equity of 21.74%. Equities research analysts forecast that StoneCo will post 1.99 EPS for the current year.

StoneCo Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were given a $2.53 dividend. The ex-dividend date was Friday, April 24th.

Hedge Funds Weigh In On StoneCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in StoneCo by 11,473.3% in the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock valued at $26,000 after buying an additional 1,721 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of StoneCo in the fourth quarter worth about $28,000. Advisory Services Network LLC bought a new position in shares of StoneCo in the third quarter worth about $37,000. Rockefeller Capital Management L.P. raised its stake in shares of StoneCo by 74.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock worth $33,000 after acquiring an additional 936 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in shares of StoneCo in the fourth quarter worth about $33,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.