StoneCo Ltd. (NASDAQ:STNE) Receives $17.21 Average Price Target from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.2143.

STNE has been the subject of several research analyst reports. UBS Group raised 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. The Goldman Sachs Group increased their target price on StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. Bank of America lifted their price target on StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th.

StoneCo Stock Performance

NASDAQ:STNE opened at $14.87 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $17.22 and its 200 day simple moving average is $16.09. The stock has a market cap of $4.25 billion, a P/E ratio of -27.54, a price-to-earnings-growth ratio of 0.28 and a beta of 1.85. StoneCo has a twelve month low of $7.72 and a twelve month high of $19.95.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The firm 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%. As a group, research analysts predict that StoneCo will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. bought a new stake in StoneCo during the second quarter worth about $29,000. Advisory Services Network LLC bought a new position in shares of StoneCo during the third quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its holdings in shares of StoneCo by 334.4% during the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares during the last quarter. USA Financial Formulas bought a new stake in shares of StoneCo in the 3rd quarter worth approximately $55,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of StoneCo in the 3rd quarter worth approximately $55,000. 73.19% of the stock is currently owned by institutional investors.

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.