StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.56.

A number of brokerages have commented on STNE. Evercore ISI dropped their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday. The Goldman Sachs Group decreased their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Thursday, June 6th. Citigroup lifted their price objective on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Susquehanna dropped their target price on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, April 19th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of StoneCo during the 4th quarter valued at $26,000. USA Financial Formulas acquired a new position in StoneCo during the 4th quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new stake in shares of StoneCo during the first quarter worth $41,000. Headlands Technologies LLC purchased a new stake in shares of StoneCo during the fourth quarter valued at $56,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in StoneCo by 152.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock worth $58,000 after acquiring an additional 2,110 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

STNE opened at $11.80 on Thursday. The business has a fifty day moving average of $14.36 and a 200 day moving average of $16.13. The stock has a market cap of $3.71 billion, a P/E ratio of 10.63, a PEG ratio of 0.31 and a beta of 2.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25. StoneCo has a 52-week low of $9.34 and a 52-week high of $19.46.

StoneCo (NASDAQ:STNE) last released its earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $623.12 million during the quarter, compared to the consensus estimate of $633.35 million. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. As a group, sell-side analysts anticipate that StoneCo will post 1.43 EPS for the current year.

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.