StoneCo Ltd. (NASDAQ:STNE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.4375.

Several research firms have recently issued reports on STNE. JPMorgan Chase & Co. boosted their target price on StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. UBS Group upped their price objective on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th.

StoneCo Price Performance

STNE stock opened at $16.83 on Friday. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -31.17, a PEG ratio of 0.33 and a beta of 2.01. The firm’s 50-day moving average price is $18.23 and its two-hundred day moving average price is $15.71. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo has a 12-month low of $7.72 and a 12-month high of $19.95.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $669.49 million for the quarter, compared to the consensus estimate of $669.81 million. StoneCo had a positive return on equity of 20.42% and a negative net margin of 7.28%. As a group, equities analysts predict that StoneCo will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in StoneCo by 10.2% in the 2nd quarter. Signaturefd LLC now owns 8,492 shares of the company’s stock worth $136,000 after purchasing an additional 784 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in StoneCo by 0.4% in the third quarter. Exchange Traded Concepts LLC now owns 220,874 shares of the company’s stock worth $4,177,000 after buying an additional 978 shares during the last quarter. Xponance Inc. lifted its stake in shares of StoneCo by 4.7% in the first quarter. Xponance Inc. now owns 21,762 shares of the company’s stock worth $228,000 after buying an additional 981 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of StoneCo by 13.0% during the second quarter. PNC Financial Services Group Inc. now owns 9,577 shares of the company’s stock valued at $154,000 after buying an additional 1,104 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of StoneCo by 6.6% during the second quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company’s stock valued at $295,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

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.