StoneCo Ltd. (NASDAQ:STNE) Receives $14.38 Average PT from Brokerages

StoneCo Ltd. (NASDAQ:STNE) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.38.

Several research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Susquehanna cut their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. Citigroup reiterated a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, The Goldman Sachs Group cut their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Institutional Investors Weigh In On StoneCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in StoneCo by 254.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after purchasing an additional 3,056 shares during the last quarter. Sterling Capital Management LLC raised its position in StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after acquiring an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. raised its position in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after acquiring an additional 4,000 shares during the period. SBI Securities Co. Ltd. bought a new position in StoneCo in the fourth quarter worth approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of STNE opened at $9.26 on Tuesday. The stock has a market cap of $2.86 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The firm’s 50-day simple moving average is $8.96 and its two-hundred day simple moving average is $10.16.

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.