Analysts Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $17.21

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.2143.

Several equities analysts recently issued reports on STNE shares. UBS Group upped their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Zacks Research upgraded StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. Finally, Bank of America upped their target price on StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of STNE. Richardson Financial Services Inc. acquired a new stake in shares of StoneCo in the second quarter worth approximately $29,000. Advisory Services Network LLC purchased a new position in StoneCo during the third quarter worth approximately $37,000. Farther Finance Advisors LLC raised its stake in StoneCo by 334.4% during the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the period. USA Financial Formulas acquired a new position in shares of StoneCo in the 3rd quarter valued at $55,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of StoneCo during the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Down 6.7%

StoneCo stock opened at $14.68 on Thursday. The stock has a market cap of $4.20 billion, a PE ratio of -27.19, a P/E/G ratio of 0.28 and a beta of 1.85. The stock has a 50-day moving average price of $17.47 and a 200 day moving average price of $16.06. StoneCo has a 52 week low of $7.72 and a 52 week high of $19.95. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72.

StoneCo (NASDAQ:STNE) last released its earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $669.49 million for the quarter, compared to analyst estimates of $669.81 million. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. Equities research analysts predict that StoneCo will post 1.16 earnings per share 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.