Bradesco Corretora initiated coverage on shares of StoneCo (NASDAQ:STNE) in a research note released on Thursday, The Fly reports. The firm issued a neutral rating and a $40.00 price objective on the stock.
A number of other equities analysts have also recently issued reports on STNE. Guggenheim assumed coverage on shares of StoneCo in a research report on Tuesday, September 3rd. They set a buy rating and a $38.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of StoneCo from $26.00 to $31.00 and gave the company a neutral rating in a research report on Thursday, August 29th. ValuEngine lowered shares of StoneCo from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Citigroup raised shares of StoneCo from a neutral rating to a buy rating and boosted their target price for the stock from $27.00 to $42.00 in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reissued an overweight rating and set a $39.00 price objective (up previously from $33.00) on shares of StoneCo in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. StoneCo presently has a consensus rating of Buy and a consensus target price of $38.00.
Shares of STNE opened at $39.10 on Thursday. StoneCo has a one year low of $16.14 and a one year high of $45.62. The company has a market cap of $10.62 billion, a P/E ratio of 118.48, a P/E/G ratio of 0.97 and a beta of 2.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $36.99 and a two-hundred day simple moving average of $33.01.
StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $169.33 million for the quarter, compared to analyst estimates of $131.41 million. StoneCo had a return on equity of 12.29% and a net margin of 28.74%. On average, analysts expect that StoneCo will post 0.73 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of STNE. Price T Rowe Associates Inc. MD lifted its holdings in StoneCo by 10.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,168,221 shares of the company’s stock valued at $1,040,276,000 after buying an additional 3,234,024 shares during the period. Invesco Ltd. bought a new stake in StoneCo in the second quarter valued at $251,806,000. Maverick Capital Ltd. bought a new stake in StoneCo in the second quarter valued at $77,364,000. Bamco Inc. NY raised its holdings in shares of StoneCo by 103.6% during the second quarter. Bamco Inc. NY now owns 2,103,266 shares of the company’s stock valued at $62,215,000 after purchasing an additional 1,069,975 shares during the period. Finally, Echo Street Capital Management LLC raised its holdings in shares of StoneCo by 240.0% during the second quarter. Echo Street Capital Management LLC now owns 1,629,660 shares of the company’s stock valued at $48,205,000 after purchasing an additional 1,150,301 shares during the period. 44.41% of the stock is currently owned by institutional investors.
StoneCo Company Profile
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.
Further Reading: Oversold
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