StoneCo Ltd. (NASDAQ:STNE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.56.

STNE has been the topic of a number of recent research reports. Citigroup boosted their target price on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Evercore ISI dropped their price objective on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Barclays reduced their target price on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, May 20th. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Thursday, June 6th. Finally, Susquehanna reduced their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday, April 19th.

StoneCo Trading Down 2.2 %

Shares of StoneCo stock opened at $11.73 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $3.69 billion, a P/E ratio of 10.57, a PEG ratio of 0.32 and a beta of 2.36. StoneCo has a 1 year low of $9.34 and a 1 year high of $19.46. The company’s fifty day moving average is $14.16 and its two-hundred day moving average is $16.04.

StoneCo (NASDAQ:STNE) last announced its earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $623.12 million during the quarter, compared to the consensus estimate of $633.35 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. Analysts forecast that StoneCo will post 1.43 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in StoneCo by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock valued at $599,000 after purchasing an additional 692 shares during the last quarter. Diversified Trust Co grew its stake in StoneCo by 3.3% in the 4th quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock valued at $641,000 after acquiring an additional 1,151 shares during the last quarter. TrinityPoint Wealth LLC increased its holdings in StoneCo by 11.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after acquiring an additional 1,167 shares in the last quarter. Private Advisor Group LLC raised its position in StoneCo by 4.2% during the fourth quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock worth $593,000 after acquiring an additional 1,329 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of StoneCo in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Company Profile

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.