StoneCo Ltd. (NASDAQ:STNE) Receives $19.11 Average PT from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.11.

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, May 20th. Evercore ISI lowered their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Susquehanna lowered their target price on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, April 19th. The Goldman Sachs Group lowered their target price on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Thursday, June 6th.

StoneCo Trading Up 1.2 %

NASDAQ:STNE opened at $13.50 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.24 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.35 and a beta of 2.33. The firm’s 50 day moving average is $13.04 and its 200 day moving average is $15.43. StoneCo has a 12 month low of $9.34 and a 12 month high of $19.46.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $623.12 million for the quarter, compared to analysts’ expectations of $633.35 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. Sell-side analysts expect that StoneCo will post 1.46 earnings per share for the current year.

Institutional Trading of StoneCo

Hedge funds have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. bought a new stake in StoneCo in the fourth quarter worth $26,000. USA Financial Formulas bought a new stake in StoneCo in the fourth quarter worth $26,000. Lazard Asset Management LLC bought a new stake in StoneCo in the first quarter worth $41,000. Headlands Technologies LLC bought a new stake in StoneCo in the fourth quarter worth $56,000. Finally, Central Bank & Trust Co. bought a new stake in StoneCo in the second quarter worth $40,000. 73.19% of the stock is owned by institutional investors.

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.