StoneCo Ltd. (NASDAQ:STNE) Receives $17.21 Average PT from Analysts

StoneCo Ltd. (NASDAQ:STNE) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.2143.

Several equities analysts have commented on STNE shares. The Goldman Sachs Group raised their price target on shares of StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a report on Wednesday, October 8th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Zacks Research downgraded StoneCo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Bank of America lifted their price objective on StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th.

StoneCo Stock Performance

NASDAQ STNE opened at $14.69 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $4.20 billion, a P/E ratio of -27.20, a P/E/G ratio of 0.26 and a beta of 1.83. The stock has a 50-day moving average of $16.13 and a two-hundred day moving average of $16.21. StoneCo has a 1-year low of $7.72 and a 1-year high of $19.95.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $669.49 million for 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, analysts anticipate that StoneCo will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STNE. Tekne Capital Management LLC acquired a new stake in shares of StoneCo in the 2nd quarter valued at about $35,288,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in StoneCo during the second quarter worth approximately $574,000. Atmos Capital Gestao DE Recursos LTDA. lifted its stake in StoneCo by 3.1% in the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock valued at $125,581,000 after buying an additional 359,037 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of StoneCo by 72.5% in the second quarter. Fox Run Management L.L.C. now owns 51,420 shares of the company’s stock valued at $825,000 after acquiring an additional 21,604 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of StoneCo by 218.4% during the third quarter. Ninety One UK Ltd now owns 4,234,251 shares of the company’s stock worth $80,070,000 after acquiring an additional 2,904,432 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.