StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Rating of “Moderate Buy” from Analysts

StoneCo Ltd. (NASDAQ:STNE) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.13.

A number of analysts recently issued reports on STNE shares. Barclays cut their price objective on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Susquehanna dropped their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. UBS Group raised their price target on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th.

Institutional Trading of StoneCo

Several hedge funds have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its position in shares of StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after purchasing an additional 2,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of StoneCo during the third quarter worth $125,000. Point72 Hong Kong Ltd purchased a new position in StoneCo in the second quarter valued at $135,000. nVerses Capital LLC acquired a new stake in StoneCo in the second quarter valued at $137,000. Finally, Covestor Ltd boosted its position in shares of StoneCo by 40.9% during the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after acquiring an additional 3,878 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Down 1.3 %

Shares of StoneCo stock opened at $8.09 on Thursday. StoneCo has a fifty-two week low of $7.89 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.35 and a beta of 2.21. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $11.66.

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.