StoneCo Ltd. (NASDAQ:STNE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.63.

STNE has been the topic of a number of analyst reports. Citigroup upgraded StoneCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Morgan Stanley lifted their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. Santander raised shares of StoneCo from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th.

StoneCo Trading Down 0.8%

StoneCo stock opened at $14.86 on Thursday. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -19.05, a P/E/G ratio of 0.40 and a beta of 1.92. The firm has a 50-day moving average of $13.41 and a 200-day moving average of $10.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. StoneCo has a one year low of $7.72 and a one year high of $15.27.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $625.86 million during the quarter, compared to analysts’ expectations of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. On average, equities analysts expect that StoneCo will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after buying an additional 2,720 shares during the last quarter. CWM LLC boosted its holdings in shares of StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after acquiring an additional 2,416 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC grew its position in shares of StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock valued at $36,000 after purchasing an additional 3,925 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock worth $48,000 after purchasing an additional 2,715 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

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.