Barclays Increases StoneCo (NASDAQ:STNE) Price Target to $12.00

StoneCo (NASDAQ:STNE) had its target price hoisted by equities research analysts at Barclays from $10.00 to $12.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.11% from the stock’s current price.

Several other brokerages have also recently weighed in on STNE. Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group dropped their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Morgan Stanley increased their price objective on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Citigroup reissued a “neutral” rating and set a $9.00 target price (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

StoneCo Price Performance

Shares of StoneCo stock opened at $11.10 on Friday. 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 52-week low of $7.72 and a 52-week high of $17.93. The company has a fifty day moving average of $9.36 and a 200-day moving average of $9.94. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion. Equities research analysts expect that StoneCo will post 1.16 EPS for the current year.

Institutional Investors Weigh In On StoneCo

Several large investors have recently modified their holdings of the business. Point72 Asset Management L.P. increased its holdings in StoneCo by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock valued at $111,234,000 after buying an additional 2,534,079 shares during the period. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in shares of StoneCo by 46.8% in the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company’s stock valued at $111,191,000 after acquiring an additional 4,446,709 shares during the period. Atmos Capital Gestao DE Recursos LTDA. raised its position in shares of StoneCo by 23.0% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock worth $92,642,000 after acquiring an additional 2,173,389 shares in the last quarter. State Street Corp raised its position in shares of StoneCo by 51.0% in the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock worth $89,765,000 after acquiring an additional 2,692,558 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company’s stock worth $55,739,000 after purchasing an additional 2,008,710 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

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.