Brokerages Set StoneCo Ltd. (NASDAQ:STNE) PT at $14.30

StoneCo Ltd. (NASDAQ:STNE) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.30.

STNE has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 price target for the company. BTIG Research cut their target price on StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Weiss Ratings lowered StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price objective on StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Finally, UBS Group cut their price objective on StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 28th.

Insider Transactions at StoneCo

In other StoneCo news, Director Silvio Morais sold 9,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.29, for a total transaction of $101,610.00. Following the sale, the director directly owned 21,000 shares in the company, valued at $237,090. This represents a 30.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new stake in StoneCo during the 2nd quarter worth approximately $139,000. Tidal Investments LLC acquired a new stake in StoneCo in the second quarter valued at approximately $480,000. Integrated Wealth Concepts LLC acquired a new stake in shares of StoneCo in the 2nd quarter valued at $156,000. Squarepoint Ops LLC acquired a new stake in StoneCo in the second quarter valued at $8,040,000. Finally, Baird Financial Group Inc. purchased a new stake in StoneCo during the second quarter worth approximately $189,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Stock Down 2.0%

STNE stock opened at $9.82 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 3.96, a PEG ratio of 0.29 and a beta of 1.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50 day moving average price is $10.49 and its 200-day moving average price is $11.94. StoneCo has a one year low of $9.08 and a one year high of $19.95.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $129.73 million during the quarter, compared to analyst estimates of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. On average, equities research analysts anticipate that StoneCo will post 2.3 EPS for the current year.

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.