StoneCo Ltd. (NASDAQ:STNE) Receives $17.70 Consensus PT from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.70.

Several brokerages recently issued reports on STNE. Barclays reduced their price objective on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. UBS Group lifted their price objective on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th.

StoneCo Stock Down 2.7 %

STNE opened at $11.03 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $13.01. The stock has a market capitalization of $3.41 billion, a P/E ratio of 8.97, a P/E/G ratio of 0.39 and a beta of 2.29. StoneCo has a 12 month low of $10.20 and a 12 month high of $19.46.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). The business had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. StoneCo had a net margin of 15.27% and a return on equity of 13.21%. On average, equities analysts anticipate that StoneCo will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Several hedge funds have recently bought and sold shares of STNE. Marshall Wace LLP increased its position in StoneCo by 204.1% during the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock worth $92,823,000 after buying an additional 5,195,787 shares in the last quarter. Truxt Investmentos Ltda. purchased a new stake in shares of StoneCo in the third quarter valued at $31,695,000. Hsbc Holdings PLC grew its position in shares of StoneCo by 2,445.5% in the second quarter. Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock valued at $27,151,000 after purchasing an additional 2,197,495 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of StoneCo in the first quarter valued at $33,139,000. Finally, American Century Companies Inc. purchased a new stake in shares of StoneCo in the second quarter valued at $23,483,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.