Shares of StoneCo Ltd. (NASDAQ:STNE – Get Free Report) 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.
View Our Latest Research Report on STNE
StoneCo Trading Down 2.2 %
StoneCo (NASDAQ:STNE – Get Free Report) 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.
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