StoneCo (NASDAQ:STNE) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of StoneCo (NASDAQ:STNE) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $22.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Santander lowered shares of StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a report on Thursday, January 22nd. Wall Street Zen downgraded StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. UBS Group lowered their target price on StoneCo from $20.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of StoneCo from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

StoneCo Stock Down 0.8%

Shares of StoneCo stock opened at $17.67 on Monday. StoneCo has a 12-month low of $8.64 and a 12-month high of $19.95. The firm has a market capitalization of $5.05 billion, a PE ratio of -32.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average is $15.36 and its 200-day moving average is $16.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STNE. AQR Capital Management LLC acquired a new stake in shares of StoneCo in the 1st quarter valued at $902,000. Strs Ohio acquired a new stake in shares of StoneCo in the first quarter worth about $70,000. Aberdeen Group plc boosted its stake in shares of StoneCo by 54.4% during the 2nd quarter. Aberdeen Group plc now owns 33,516 shares of the company’s stock worth $538,000 after acquiring an additional 11,809 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of StoneCo during the 2nd quarter worth about $193,000. Finally, CWM LLC increased its holdings in shares of StoneCo by 44.7% during the 2nd 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. Institutional investors and hedge funds own 73.19% of the company’s stock.

About StoneCo

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.