StoneCo (NASDAQ:STNE) Stock Price Up 4.7% – Still a Buy?

StoneCo Ltd. (NASDAQ:STNEGet Free Report) was up 4.7% during mid-day trading on Thursday . The company traded as high as $10.21 and last traded at $10.2850. Approximately 826,573 shares were traded during trading, a decline of 85% from the average daily volume of 5,337,556 shares. The stock had previously closed at $9.82.

Analyst Ratings Changes

Several analysts have commented on STNE shares. Bank of America downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, July 15th. UBS Group reduced their price target on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 28th. Jefferies Financial Group began coverage on shares of StoneCo in a research report on Thursday, July 23rd. They set a “hold” rating and a $12.60 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, Citigroup cut StoneCo from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $11.00 in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.30.

Read Our Latest Stock Report on STNE

StoneCo Stock Performance

The stock’s 50-day moving average price is $10.45 and its 200 day moving average price is $11.87. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $2.51 billion, a P/E ratio of 4.08, a price-to-earnings-growth ratio of 0.27 and a beta of 1.75.

StoneCo (NASDAQ:STNEGet Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. The business had revenue of $129.73 million during the quarter, compared to the consensus estimate of $708.24 million. As a group, equities analysts predict that StoneCo Ltd. will post 2.3 EPS for the current year.

Insider Activity at StoneCo

In other news, Director Silvio Morais sold 21,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STNE. Squadra Investments Gestao DE Recursos LTDA. lifted its stake in StoneCo by 435.5% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock valued at $94,071,000 after acquiring an additional 5,418,053 shares during the last quarter. SPX Gestao de Recursos Ltda increased its stake in shares of StoneCo by 1,054.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 5,236,620 shares of the company’s stock worth $77,450,000 after purchasing an additional 4,783,158 shares during the last quarter. Bank of America Corp DE increased its stake 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 worth $85,180,000 after purchasing an additional 3,636,276 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of StoneCo in the 3rd quarter valued at about $58,017,000. Finally, Norges Bank bought a new stake in shares of StoneCo in the 4th quarter valued at about $45,247,000. 73.19% of the stock is owned by institutional investors and hedge funds.

About StoneCo

(Get Free Report)

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.

Further Reading

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