Hood River Capital Management LLC Takes Position in StoneCo Ltd. $STNE

Hood River Capital Management LLC purchased a new stake in shares of StoneCo Ltd. (NASDAQ:STNE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 41,600 shares of the company’s stock, valued at approximately $667,000.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in StoneCo in the 2nd quarter valued at about $29,000. Farther Finance Advisors LLC grew its holdings in shares of StoneCo by 334.4% in the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of StoneCo by 43.6% in the second quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock valued at $67,000 after acquiring an additional 1,267 shares in the last quarter. CWM LLC increased its position in shares of StoneCo by 44.7% during the second quarter. CWM LLC now owns 4,565 shares of the company’s stock valued at $73,000 after acquiring an additional 1,411 shares during the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of StoneCo during the first quarter valued at approximately $58,000. 73.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on STNE shares. UBS Group boosted their price objective on StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Zacks Research upgraded StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Bank of America raised their price objective on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.21.

StoneCo Stock Up 1.4%

STNE stock opened at $14.88 on Tuesday. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $16.09. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $19.95. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of -27.56, a PEG ratio of 0.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.43.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 positive return on equity of 20.18% and a negative net margin of 7.28%. As a group, equities research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current 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.