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

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.13.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. UBS Group lifted their price target on shares of StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays dropped their target price on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Finally, Morgan Stanley restated an “underweight” rating and set a $7.00 price target (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th.

Institutional Trading of StoneCo

A number of hedge funds have recently bought and sold shares of STNE. Y.D. More Investments Ltd lifted its position in StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after buying an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of StoneCo during the 3rd quarter worth $125,000. Point72 Hong Kong Ltd purchased a new position in shares of StoneCo during the 2nd quarter worth $135,000. nVerses Capital LLC acquired a new position in shares of StoneCo during the 2nd quarter valued at about $137,000. Finally, Covestor Ltd grew its holdings in shares of StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after purchasing an additional 3,878 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Down 1.3 %

STNE stock opened at $8.09 on Thursday. StoneCo has a 52-week low of $7.89 and a 52-week high of $19.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.50 billion, a P/E ratio of 6.32, a PEG ratio of 0.35 and a beta of 2.21. The company’s 50-day simple moving average is $10.16 and its 200-day simple moving average is $11.66.

About StoneCo

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.