StoneCo Ltd. (NASDAQ:STNE) Given Consensus Recommendation of “Hold” by Brokerages

StoneCo Ltd. (NASDAQ:STNE – Get Rating) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.25.

STNE has been the topic of a number of analyst reports. Grupo Santander upgraded shares of StoneCo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, December 14th. Wells Fargo & Company dropped their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, January 9th. Morgan Stanley cut StoneCo from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Tuesday, December 6th. Evercore ISI raised StoneCo from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $10.00 to $16.00 in a research note on Monday, November 28th. Finally, The Goldman Sachs Group raised StoneCo from a “sell” rating to a “neutral” rating and lifted their target price for the company from $7.50 to $11.00 in a research note on Thursday, December 1st.

Institutional Trading of StoneCo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. purchased a new stake in shares of StoneCo in the fourth quarter worth $25,000. Signaturefd LLC lifted its holdings in StoneCo by 62.7% in the fourth quarter. Signaturefd LLC now owns 3,222 shares of the company’s stock worth $30,000 after buying an additional 1,242 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of StoneCo during the fourth quarter valued at approximately $32,000. Belpointe Asset Management LLC purchased a new position in shares of StoneCo during the fourth quarter valued at approximately $49,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in StoneCo in the 4th quarter worth approximately $56,000. 59.80% of the stock is owned by institutional investors.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $8.92 on Friday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -10.49 and a beta of 2.23. StoneCo has a 52 week low of $6.81 and a 52 week high of $15.01. The company’s 50-day moving average price is $9.70 and its 200 day moving average price is $9.96. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

About StoneCo

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StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. The firm offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.