Stock Traders Purchase Large Volume of StoneCo Call Options (NASDAQ:STNE)

StoneCo Ltd. (NASDAQ:STNE – Get Free Report) was the target of unusually large options trading on Monday. Stock investors bought 9,352 call options on the company. This represents an increase of approximately 329% compared to the typical volume of 2,180 call options.

Analyst Ratings Changes

A number of brokerages recently issued reports on STNE. Bank of America downgraded StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Wednesday, July 15th. Weiss Ratings restated a “hold (c-)” rating on shares of StoneCo in a research note on Monday, September 14th. Jefferies Financial Group began coverage on shares of StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 price target on the stock. Finally, UBS Group dropped their price target on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Four investment 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, StoneCo presently has an average rating of “Hold” and an average target price of $14.30.

View Our Latest Report on StoneCo

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 transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On StoneCo

A number of institutional investors have recently added to or reduced their stakes in STNE. SPX Gestao de Recursos Ltda lifted its holdings in shares of StoneCo by 47.6% in the first 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 in the last quarter. BRC Global BAH Investments Ltd. increased its holdings in StoneCo by 32.7% in 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 acquiring an additional 1,867,018 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in StoneCo by 435.5% in 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 acquiring an additional 5,418,053 shares during the last quarter. Bank of America Corp DE lifted its stake in StoneCo by 151.7% in 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in StoneCo by 34.7% in the 4th quarter. Geode Capital Management LLC now owns 4,856,536 shares of the company’s stock worth $71,637,000 after purchasing an additional 1,251,385 shares in the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Price Performance

NASDAQ:STNE opened at $11.54 on Tuesday. The business’s 50-day simple moving average is $10.00 and its two-hundred day simple moving average is $11.25. StoneCo has a 52 week low of $8.95 and a 52 week high of $19.64. The stock has a market cap of $2.87 billion, a PE ratio of 4.66, a P/E/G ratio of 0.26 and a beta of 1.68. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.84.

StoneCo (NASDAQ:STNE – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $129.73 million during the quarter, compared to analyst estimates of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. As a group, analysts forecast that StoneCo will post 2.23 EPS for the current fiscal year.

StoneCo Company Profile

(Get Free Report)

StoneCo Ltd. is a Brazilian financial technology company that provides payment processing, banking and business-management solutions to entrepreneurs and small and medium-sized businesses. Its services are designed to help merchants accept electronic payments, manage cash flow and operate their businesses through integrated digital tools.

The company’s offerings include point-of-sale and mobile payment solutions, online payment processing, digital banking services, working-capital and credit products, and software for retail and other business operations.

Further Reading

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