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

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.13.

Several equities analysts have issued reports on STNE shares. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Susquehanna dropped their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. Barclays reduced their target price on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd.

StoneCo Stock Down 1.5 %

STNE stock opened at $7.85 on Monday. The stock has a market capitalization of $2.43 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.35 and a beta of 2.23. The company has a fifty day moving average of $9.29 and a 200-day moving average of $11.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo has a one year low of $7.73 and a one year high of $19.46.

Institutional Trading of StoneCo

Large investors have recently modified their holdings of the business. State Street Corp raised its position in shares of StoneCo by 51.0% in the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after buying an additional 2,692,558 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in StoneCo by 327.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after acquiring an additional 1,210,817 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of StoneCo during the 3rd quarter worth $9,091,000. Barclays PLC boosted its holdings in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after purchasing an additional 277,963 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of StoneCo in the third quarter valued at $716,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

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.