StoneCo Ltd. (NASDAQ:STNE) Given Consensus Rating of “Hold” by Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.30.

Several research analysts recently issued reports on STNE shares. Weiss Ratings lowered shares of StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. UBS Group lowered their price target on StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. BTIG Research dropped their price target on StoneCo from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Bank of America cut StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. reduced their price objective on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th.

Insider Transactions at StoneCo

In other StoneCo news, Director Silvio Morais sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On StoneCo

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of StoneCo during the 4th quarter valued at $28,000. Rockefeller Capital Management L.P. lifted its stake in StoneCo by 74.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock worth $33,000 after purchasing an additional 936 shares during the last quarter. Versant Capital Management Inc lifted its stake in StoneCo by 54.4% in the second quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in StoneCo in the fourth quarter worth $33,000. Finally, Advisory Services Network LLC purchased a new stake in StoneCo during the third quarter valued at about $37,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Trading Down 1.9%

Shares of STNE opened at $10.10 on Friday. The firm’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $11.87. The company has a market capitalization of $2.51 billion, a P/E ratio of 4.08, a P/E/G ratio of 0.27 and a beta of 1.75. 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 has a 1-year low of $9.08 and a 1-year high of $19.95.

StoneCo (NASDAQ:STNE) last announced its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $129.73 million during the quarter, compared to analyst estimates of $708.24 million. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. Sell-side analysts forecast that StoneCo will post 2.3 earnings per share for the current fiscal year.

About StoneCo

StoneCo Ltd. is a financial technology company serving businesses and consumers in Brazil. Through its Stone and Ton brands, the company provides electronic payment processing and point-of-sale solutions, including card acceptance, digital payments, payment links and related tools for merchants of varying sizes.

StoneCo also offers financial services designed to support small and medium-sized businesses, such as digital banking, working-capital products and other business management tools.