StoneCo Ltd. (NASDAQ:STNE) Receives Average Rating of “Hold” from Analysts

StoneCo Ltd. (NASDAQ:STNEGet Rating) has earned an average recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.75.

A number of equities analysts recently commented on the company. Citigroup raised StoneCo from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, March 18th. The Goldman Sachs Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $73.00 to $19.00 in a research report on Wednesday, January 26th. Wells Fargo & Company assumed coverage on shares of StoneCo in a research report on Monday, April 4th. They set an “equal weight” rating and a $13.00 price objective for the company. Zacks Investment Research upgraded shares of StoneCo from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, Susquehanna Bancshares decreased their price target on StoneCo from $35.00 to $28.00 in a report on Wednesday, March 9th.

STNE stock opened at $10.33 on Tuesday. The company has a market capitalization of $3.19 billion, a P/E ratio of -12.45 and a beta of 2.40. The company has a fifty day moving average price of $11.42 and a 200-day moving average price of $18.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.38 and a current ratio of 1.31. StoneCo has a 52-week low of $8.05 and a 52-week high of $71.08.

StoneCo (NASDAQ:STNEGet Rating) last posted its quarterly earnings data on Thursday, March 17th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.71 billion. StoneCo had a negative net margin of 28.64% and a negative return on equity of 3.89%. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, sell-side analysts forecast that StoneCo will post 0.3 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new stake in shares of StoneCo in the 1st quarter worth about $66,000. Dynamic Advisor Solutions LLC bought a new stake in StoneCo during the 1st quarter worth approximately $132,000. Pacer Advisors Inc. raised its stake in shares of StoneCo by 378.8% in the first quarter. Pacer Advisors Inc. now owns 931,768 shares of the company’s stock worth $10,902,000 after purchasing an additional 737,170 shares during the last quarter. CLARET ASSET MANAGEMENT Corp bought a new position in shares of StoneCo in the first quarter valued at approximately $117,000. Finally, Privium Fund Management UK Ltd purchased a new position in shares of StoneCo during the fourth quarter valued at approximately $3,097,000. Institutional investors and hedge funds own 65.37% of the company’s stock.

About StoneCo (Get Rating)

StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.

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Analyst Recommendations for StoneCo (NASDAQ:STNE)

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