StoneCo Ltd. (NASDAQ:STNE) Given Average Recommendation of “Moderate Buy” by Analysts

StoneCo Ltd. (NASDAQ:STNEGet Free Report) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.5833.

A number of equities analysts have recently commented on STNE shares. Weiss Ratings raised shares of StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Zacks Research raised shares of StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. BTIG Research decreased their price target on shares of StoneCo from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Citigroup lowered shares of StoneCo from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $11.00 in a report on Friday, May 15th.

Check Out Our Latest Stock Report on STNE

Hedge Funds Weigh In On StoneCo

A number of institutional investors have recently made changes to their positions in the stock. SPX Gestao de Recursos Ltda increased its holdings in shares of StoneCo by 47.6% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 7,728,014 shares of the company’s stock worth $109,120,000 after buying an additional 2,491,394 shares during the last quarter. State Street Corp increased its holdings in shares of StoneCo by 23.0% in the 4th quarter. State Street Corp now owns 7,714,651 shares of the company’s stock worth $114,101,000 after buying an additional 1,440,760 shares during the last quarter. BRC Global BAH Investments Ltd. grew its holdings in shares of StoneCo by 32.7% during the 1st quarter. BRC Global BAH Investments Ltd. now owns 7,580,409 shares of the company’s stock valued at $107,035,000 after purchasing an additional 1,867,018 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. grew its holdings in shares of StoneCo by 435.5% during the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock valued at $94,071,000 after purchasing an additional 5,418,053 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of StoneCo by 151.7% during the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company’s stock valued at $85,180,000 after purchasing an additional 3,636,276 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Performance

StoneCo stock opened at $11.69 on Thursday. The firm’s 50 day simple moving average is $12.64 and its 200 day simple moving average is $14.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.91 billion, a PE ratio of 4.68, a price-to-earnings-growth ratio of 0.21 and a beta of 1.73. StoneCo has a 1-year low of $9.45 and a 1-year high of $19.95.

StoneCo (NASDAQ:STNEGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $141.16 million for the quarter, compared to analyst estimates of $675.11 million. StoneCo had a net margin of 23.82% and a return on equity of 21.05%. As a group, analysts expect that StoneCo will post 2.31 earnings per share for the current fiscal year.

StoneCo Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, April 24th were issued a $2.53 dividend. The ex-dividend date of this dividend was Friday, April 24th.

StoneCo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for StoneCo (NASDAQ:STNE)

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