Vise Technologies Inc. Purchases Shares of 28,645 StoneCo Ltd. $STNE

Vise Technologies Inc. purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,645 shares of the company’s stock, valued at approximately $459,000.

Several other institutional investors and hedge funds have also modified their holdings of STNE. Signaturefd LLC grew its holdings in StoneCo by 10.2% during the second quarter. Signaturefd LLC now owns 8,492 shares of the company’s stock worth $136,000 after acquiring an additional 784 shares during the period. Xponance Inc. boosted its position in StoneCo by 4.7% in the 1st quarter. Xponance Inc. now owns 21,762 shares of the company’s stock worth $228,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of StoneCo by 43.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock worth $67,000 after purchasing an additional 1,267 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of StoneCo by 18.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company’s stock valued at $89,000 after purchasing an additional 1,317 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of StoneCo by 44.7% in the 2nd quarter. CWM LLC now owns 4,565 shares of the company’s stock valued at $73,000 after purchasing an additional 1,411 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STNE shares. Bank of America raised their price target on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. Wall Street Zen lowered StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. The Goldman Sachs Group upped their price target on StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, UBS Group raised their price objective on StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, StoneCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

StoneCo Price Performance

Shares of StoneCo stock opened at $16.77 on Friday. The stock has a market capitalization of $4.80 billion, a P/E ratio of -31.06, a PEG ratio of 0.33 and a beta of 2.01. The business has a 50 day simple moving average of $18.29 and a two-hundred day simple moving average of $15.83. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.48.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%.The firm had revenue of $669.49 million for the quarter, compared to analyst estimates of $669.81 million. As a group, analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

StoneCo 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.