StoneCo Ltd. (NASDAQ:STNE) Receives $15.25 Average Target Price from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.38.

Several analysts have recently commented on STNE shares. Morgan Stanley increased their target price on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a report on Friday, March 21st. The Goldman Sachs Group lowered their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. Citigroup upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Barclays increased their target price on shares of StoneCo from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Squadra Investments Gestao DE Recursos LTDA. raised its holdings in StoneCo by 46.8% during the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company’s stock valued at $111,191,000 after acquiring an additional 4,446,709 shares during the period. Norges Bank bought a new stake in StoneCo during the 4th quarter valued at $22,642,000. Point72 Asset Management L.P. raised its holdings in StoneCo by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock valued at $111,234,000 after acquiring an additional 2,534,079 shares during the period. Atmos Capital Gestao DE Recursos LTDA. raised its holdings in StoneCo by 23.0% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock valued at $92,642,000 after acquiring an additional 2,173,389 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company’s stock valued at $55,739,000 after acquiring an additional 2,008,710 shares during the period. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Performance

STNE opened at $13.75 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $10.73 and its two-hundred day moving average price is $9.95. StoneCo has a 1-year low of $7.72 and a 1-year high of $17.09. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.41 and a beta of 2.05.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. On average, analysts expect that StoneCo will post 1.16 EPS for the current fiscal year.

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.