StoneCo Ltd. (NASDAQ:STNE – Get Free Report) was the recipient of unusually large options trading on Thursday. Investors purchased 9,965 call options on the stock. This represents an increase of 186% compared to the typical volume of 3,482 call options.
StoneCo Stock Performance
Shares of NASDAQ:STNE traded down $0.10 on Thursday, reaching $7.99. The company’s stock had a trading volume of 3,301,581 shares, compared to its average volume of 5,624,206. StoneCo has a 52-week low of $7.06 and a 52-week high of $19.45. The stock has a market capitalization of $1.99 billion, a P/E ratio of 3.22, a PEG ratio of 0.32 and a beta of 1.68. The stock’s 50-day moving average is $10.18 and its two-hundred day moving average is $12.27. 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 – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. The firm had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. As a group, sell-side analysts forecast that StoneCo will post 2.21 EPS for the current year.
Insider Activity
In other news, Director Silvio Morais sold 21,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total value of $208,110.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Institutional Investors Weigh In On StoneCo
Institutional investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in StoneCo in the third quarter valued at about $278,000. SBI Securities Co. Ltd. raised its stake in StoneCo by 19.5% during the third quarter. SBI Securities Co. Ltd. now owns 6,109 shares of the company’s stock worth $57,000 after acquiring an additional 995 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in StoneCo by 559.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 6,885,009 shares of the company’s stock worth $64,306,000 after acquiring an additional 5,840,741 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in StoneCo in the third quarter valued at approximately $4,296,000. Finally, GAMMA Investing LLC boosted its stake in StoneCo by 63.1% in the third quarter. GAMMA Investing LLC now owns 6,339 shares of the company’s stock valued at $59,000 after acquiring an additional 2,452 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. UBS Group reissued a “buy” rating on shares of StoneCo in a research note on Thursday, October 15th. Weiss Ratings upgraded StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 20th. Bank of America lowered StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group began coverage on StoneCo in a research note on Thursday, July 23rd. They set a “hold” rating and a $12.60 target price for the company. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.30.
View Our Latest Report on STNE
StoneCo Company Profile
StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.
Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.
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