StoneCo (NASDAQ:STNE) Stock Rating Upgraded by UBS Group

StoneCo (NASDAQ:STNE) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a $17.00 price objective on the stock, down from their prior price objective of $21.00. UBS Group’s price objective suggests a potential upside of 28.69% from the company’s current price.

Other analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Thursday, June 6th. Barclays lowered their price target on StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, May 20th. Susquehanna reduced their target price on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Friday, April 19th. Finally, The Goldman Sachs Group reduced their price objective on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.11.

StoneCo Stock Up 1.4 %

Shares of STNE opened at $13.21 on Monday. The company has a market capitalization of $4.15 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.31 and a beta of 2.33. The business’s 50 day moving average is $13.74 and its 200 day moving average is $15.82. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE) last posted its earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The firm had revenue of $623.12 million during the quarter, compared to analyst estimates of $633.35 million. Research analysts expect that StoneCo will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Several institutional investors and hedge funds have recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in StoneCo in the fourth quarter valued at about $26,000. USA Financial Formulas acquired a new stake in StoneCo in the 4th quarter worth approximately $26,000. Lazard Asset Management LLC purchased a new stake in StoneCo during the 1st quarter worth approximately $41,000. Headlands Technologies LLC acquired a new position in StoneCo during the 4th quarter valued at approximately $56,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of StoneCo by 152.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock worth $58,000 after buying an additional 2,110 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

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.