Shares of StoneCo Ltd. (NASDAQ:STNE – Get Free Report) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.80.
A number of analysts recently issued reports on STNE shares. Morgan Stanley restated an “underweight” rating and issued a $7.00 price target (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Barclays cut their price target on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group dropped their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Finally, UBS Group upped their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.
View Our Latest Research Report on StoneCo
StoneCo Stock Performance
StoneCo (NASDAQ:STNE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The company had revenue of $615.13 million for the quarter, compared to analysts’ expectations of $590.74 million. StoneCo had a net margin of 15.27% and a return on equity of 13.21%. On average, equities research analysts forecast that StoneCo will post 1.21 EPS for the current fiscal year.
Institutional Investors Weigh In On StoneCo
Several institutional investors have recently bought and sold shares of STNE. Point72 Asset Management L.P. grew its position in StoneCo by 10.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock worth $100,559,000 after purchasing an additional 779,445 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of StoneCo by 204.1% during the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock worth $92,823,000 after purchasing an additional 5,195,787 shares during the period. Constellation Investimentos e Participacoes Ltda boosted its position in StoneCo by 30.0% in the third quarter. Constellation Investimentos e Participacoes Ltda now owns 3,047,576 shares of the company’s stock valued at $34,316,000 after buying an additional 703,249 shares during the last quarter. Coronation Fund Managers Ltd. raised its position in StoneCo by 16.0% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 2,841,696 shares of the company’s stock worth $34,072,000 after buying an additional 392,958 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in StoneCo by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after acquiring an additional 88,256 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.
About StoneCo
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.
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