Advyzon Investment Management LLC Purchases Shares of 10,778 StoneCo Ltd. $STNE

Advyzon Investment Management LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,778 shares of the company’s stock, valued at approximately $173,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STNE. Richardson Financial Services Inc. bought a new stake in StoneCo in the second quarter worth $29,000. CWM LLC grew its stake in shares of StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after buying an additional 2,416 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of StoneCo in the 1st quarter worth about $58,000. Finally, GAMMA Investing LLC raised its position in shares of StoneCo by 43.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock valued at $67,000 after buying an additional 1,267 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STNE. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings restated a “sell (d+)” rating on shares of StoneCo in a report on Wednesday, October 8th. UBS Group raised their price target on StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Zacks Research raised shares of StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Bank of America increased their target price on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, StoneCo has an average rating of “Moderate Buy” and a consensus price target of $17.21.

StoneCo Trading Down 0.7%

NASDAQ STNE opened at $17.55 on Thursday. The stock has a market cap of $5.02 billion, a PE ratio of -32.50, a PEG ratio of 0.34 and a beta of 2.01. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.95. The company’s 50-day moving average price is $18.30 and its 200-day moving average price is $15.79. The company has a current ratio of 1.43, a quick ratio of 1.48 and a debt-to-equity ratio of 0.72.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $669.49 million during the quarter, compared to analysts’ expectations of $669.81 million. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. Equities research analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

StoneCo 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.