StoneCo Ltd. (NASDAQ:STNE) Receives $15.58 Average PT from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.9167.

STNE has been the subject of several recent analyst reports. Bank of America downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 15th. UBS Group dropped their target price on shares of StoneCo from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. BTIG Research cut their price target on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Weiss Ratings lowered shares of StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $11.00 in a research report on Friday, May 15th.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. StoneCo has a fifty-two week low of $9.45 and a fifty-two week high of $19.95. The firm has a market capitalization of $2.78 billion, a PE ratio of 4.46, a price-to-earnings-growth ratio of 0.33 and a beta of 1.73. The stock’s 50-day simple moving average is $10.85 and its 200-day simple moving average is $13.42.

StoneCo (NASDAQ:STNE) last posted its earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $141.16 million during the quarter, compared to analysts’ expectations of $675.11 million. StoneCo had a return on equity of 21.05% and a net margin of 23.82%. As a group, equities research analysts forecast that StoneCo will post 2.27 EPS for the current fiscal year.

Insider Activity at StoneCo

In other news, Director Silvio Jose Morais sold 9,000 shares of StoneCo stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.29, for a total transaction of $101,610.00. Following the sale, the director owned 21,000 shares in the company, valued at approximately $237,090. The trade was a 30.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.25% of the company’s stock.

Institutional Trading of StoneCo

Large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in StoneCo by 11,473.3% during the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after buying an additional 1,721 shares during the period. Kestra Advisory Services LLC purchased a new stake in StoneCo in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of StoneCo by 74.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after acquiring an additional 936 shares during the period. Versant Capital Management Inc boosted its holdings in shares of StoneCo by 54.4% in the second quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock valued at $33,000 after acquiring an additional 1,068 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $33,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.