StoneCo Ltd. (NASDAQ:STNE) Receives $15.58 Consensus Price Target from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.9167.

A number of equities analysts recently issued reports on STNE shares. Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $11.00 in a research note on Friday, May 15th. JPMorgan Chase & Co. decreased their target price on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a report on Wednesday, May 27th. BTIG Research dropped their target price 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. UBS Group cut their price target on shares of StoneCo from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded shares of StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th.

Insider Transactions at StoneCo

In related news, Director Silvio Jose Morais sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.29, for a total value of $101,610.00. Following the transaction, the director directly owned 21,000 shares of the company’s stock, valued at approximately $237,090. This represents a 30.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in StoneCo by 11,473.3% in the 4th quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after buying an additional 1,721 shares in the last quarter. Kestra Advisory Services LLC bought a new position in StoneCo during the 4th quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of StoneCo by 74.1% during the 4th 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 last quarter. Versant Capital Management Inc boosted its holdings in shares of StoneCo by 54.4% during the 2nd 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 last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in shares of StoneCo in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Stock Up 1.3%

Shares of NASDAQ:STNE opened at $11.26 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $10.88 and a two-hundred day simple moving average of $13.37. StoneCo has a 12-month low of $9.45 and a 12-month high of $19.95. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 4.50, a PEG ratio of 0.33 and a beta of 1.73.

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

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.