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

StoneCo Ltd. (NASDAQ:STNE) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.89.

Several brokerages recently weighed in on STNE. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. UBS Group upped their price target on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Barclays reduced their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Morgan Stanley restated an “underweight” rating and set a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Susquehanna reduced their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th.

Institutional Investors Weigh In On StoneCo

Institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. boosted its stake in shares of StoneCo by 36.2% in the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after buying an additional 3,035,530 shares during the last quarter. State Street Corp boosted its holdings in StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after buying an additional 2,692,558 shares in the last quarter. Marshall Wace LLP increased its holdings in StoneCo by 204.1% in the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after buying an additional 5,195,787 shares in the last quarter. Geode Capital Management LLC raised its position in shares of StoneCo by 36.0% in the third quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock worth $58,302,000 after acquiring an additional 1,374,788 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of StoneCo by 43.4% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 3,673,459 shares of the company’s stock worth $41,363,000 after acquiring an additional 1,111,065 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Stock Performance

STNE opened at $10.26 on Friday. StoneCo has a 12-month low of $9.06 and a 12-month high of $19.46. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.33 and a beta of 2.29. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $11.05 and its 200 day moving average is $12.48.

StoneCo Company Profile

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.