Brokerages Set StoneCo Ltd. (NASDAQ:STNE) PT at $18.80

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.00.

A number of brokerages have weighed in on STNE. Citigroup upped their price objective on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. UBS Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. The Goldman Sachs Group upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Barclays upped their price target on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Susquehanna reduced their price target on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Friday.

Institutional Trading of StoneCo

Several large investors have recently bought and sold shares of STNE. Envestnet Asset Management Inc. purchased a new stake in StoneCo during the 1st quarter valued at about $122,000. Advisor Group Holdings Inc. grew its stake in shares of StoneCo by 10.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 35,254 shares of the company’s stock valued at $417,000 after buying an additional 3,240 shares during the period. JPMorgan Chase & Co. grew its stake in shares of StoneCo by 190.2% in the 1st quarter. JPMorgan Chase & Co. now owns 882,709 shares of the company’s stock valued at $10,328,000 after buying an additional 578,488 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of StoneCo in the 1st quarter valued at approximately $128,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of StoneCo in the 1st quarter valued at approximately $167,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Trading Up 0.3 %

Shares of StoneCo stock opened at $15.30 on Friday. The firm has a 50-day simple moving average of $16.64 and a two-hundred day simple moving average of $15.33. The company has a market cap of $4.81 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.56 and a beta of 2.34. StoneCo has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. As a group, equities analysts predict that StoneCo will post 1.27 earnings per share for the current fiscal year.

StoneCo Company Profile

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.