StoneCo (NASDAQ:STNE) Lifted to Buy at UBS Group

StoneCo (NASDAQ:STNEGet Free Report) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Monday, Briefing.com reports. The brokerage presently has a $17.00 price objective on the stock, down from their prior price objective of $21.00. UBS Group’s target price suggests a potential upside of 37.76% from the company’s current price.

STNE has been the topic of a number of other reports. Evercore ISI reduced their price objective on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Citigroup increased their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Barclays dropped their target price on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. upgraded shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Thursday, June 6th. Finally, Susquehanna lowered their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.11.

Check Out Our Latest Analysis on STNE

StoneCo Stock Up 1.9 %

STNE opened at $12.34 on Monday. The stock has a market cap of $3.88 billion, a PE ratio of 11.12, a P/E/G ratio of 0.31 and a beta of 2.33. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25. StoneCo has a 52 week low of $9.34 and a 52 week high of $19.46. The business’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $15.89.

StoneCo (NASDAQ:STNEGet Free Report) last released its earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $623.12 million for the quarter, compared to analysts’ expectations of $633.35 million. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. As a group, research analysts expect that StoneCo will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Several large investors have recently made changes to their positions in STNE. McGlone Suttner Wealth Management Inc. bought a new stake in shares of StoneCo during the fourth quarter valued at approximately $26,000. USA Financial Formulas bought a new stake in StoneCo in the 4th quarter worth approximately $26,000. Lazard Asset Management LLC bought a new stake in StoneCo in the 1st quarter worth approximately $41,000. Headlands Technologies LLC bought a new stake in StoneCo in the 4th quarter worth approximately $56,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in StoneCo by 152.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock worth $58,000 after purchasing an additional 2,110 shares during the period. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

About StoneCo

(Get Free Report)

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.

Further Reading

Analyst Recommendations for StoneCo (NASDAQ:STNE)

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