StoneCo (NASDAQ:STNE) Director Silvio Jose Morais Sells 21,000 Shares of Stock

StoneCo Ltd. (NASDAQ:STNE) Director Silvio Morais sold 21,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Silvio Jose Morais also recently made the following trade(s):

• On Friday, June 12th, Silvio Morais sold 9,000 shares of StoneCo stock. The shares were sold at an average price of $11.29, for a total value of $101,610.00.

StoneCo Stock Performance

Shares of StoneCo stock opened at $10.30 on Friday. StoneCo Ltd. has a one year low of $9.08 and a one year high of $19.95. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 4.16, a PEG ratio of 0.26 and a beta of 1.75. The business has a 50-day simple moving average of $10.47 and a 200 day simple moving average of $11.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STNE. Bank of America Corp DE increased its holdings in StoneCo by 151.7% in the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company’s stock worth $85,180,000 after acquiring an additional 3,636,276 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of StoneCo by 1,288.4% in the second quarter. Assenagon Asset Management S.A. now owns 577,959 shares of the company’s stock valued at $6,265,000 after purchasing an additional 536,331 shares during the period. Hsbc Holdings PLC lifted its stake in shares of StoneCo by 286.6% during the 1st quarter. Hsbc Holdings PLC now owns 163,065 shares of the company’s stock valued at $2,298,000 after buying an additional 120,883 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. boosted its holdings in StoneCo by 435.5% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock worth $94,071,000 after buying an additional 5,418,053 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in StoneCo in the 1st quarter valued at approximately $1,836,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STNE has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Jefferies Financial Group assumed coverage on shares of StoneCo in a research note on Thursday, July 23rd. They set a “hold” rating and a $12.60 price target for the company. Bank of America downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Wednesday, July 15th. BTIG Research dropped their price objective on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Citigroup cut shares of StoneCo from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $11.00 in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, StoneCo currently has an average rating of “Hold” and an average price target of $14.30.

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.