StoneCo (NASDAQ:STNE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of StoneCo (NASDAQ:STNE) from a hold rating to a buy rating in a report released on Sunday.

STNE has been the subject of a number of other reports. Bank of America upped their target price on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Zacks Research upgraded StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. The Goldman Sachs Group increased their target price on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. raised their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Price Performance

Shares of STNE stock opened at $18.27 on Friday. The company has a market capitalization of $5.23 billion, a P/E ratio of -26.10, a P/E/G ratio of 0.37 and a beta of 1.99. The company’s 50-day simple moving average is $17.39 and its two-hundred day simple moving average is $15.02. StoneCo has a one year low of $7.72 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. As a group, equities analysts anticipate that StoneCo will post 1.16 EPS for the current year.

Institutional Trading of StoneCo

Institutional investors have recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in shares of StoneCo during the 2nd quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its position in StoneCo by 334.4% during the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after acquiring an additional 2,000 shares during the last quarter. USA Financial Formulas purchased a new stake in StoneCo during the third quarter valued at approximately $55,000. GAMMA Investing LLC lifted its position in StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after acquiring an additional 2,720 shares during the last quarter. Finally, CWM LLC lifted its position in StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after acquiring an additional 2,416 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

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.