StoneCo Ltd. (NASDAQ:STNE) Receives $16.13 Consensus Target Price from Brokerages

StoneCo Ltd. (NASDAQ:STNE) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.75.

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays decreased their price objective on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Susquehanna decreased their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research note on Thursday.

Hedge Funds Weigh In On StoneCo

Several large investors have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of StoneCo during the 3rd quarter valued at approximately $125,000. Point72 Hong Kong Ltd purchased a new stake in shares of StoneCo during the second quarter worth $135,000. Covestor Ltd grew its position 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 in the last quarter. Financial Perspectives Inc raised its stake in shares of StoneCo by 8.4% during the 2nd quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock valued at $168,000 after purchasing an additional 1,083 shares during the period. Finally, XTX Topco Ltd purchased a new stake in StoneCo during the 3rd quarter worth about $167,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

Shares of StoneCo stock opened at $8.56 on Monday. The company’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $11.13. The firm has a market capitalization of $2.64 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.30 and a beta of 2.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $19.46.

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.