StoneCo Ltd. (NASDAQ:STNE) Stock Has Average Target Price of $14.30 According to Brokerages

StoneCo Ltd. (NASDAQ:STNE) has received an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.30.

A number of equities analysts have issued reports on the company. Bank of America downgraded StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research note on Wednesday, July 15th. Jefferies Financial Group assumed coverage on StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of StoneCo in a research report on Monday, September 14th. Finally, UBS Group reduced their price objective on StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, August 28th.

StoneCo Price Performance

STNE stock opened at $9.55 on Wednesday. The stock has a market capitalization of $2.38 billion, a PE ratio of 3.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.68. The company’s 50-day moving average is $9.99 and its 200-day moving average is $11.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. StoneCo has a 1 year low of $8.95 and a 1 year high of $19.64.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. StoneCo had a return on equity of 22.19% and a net margin of 22.92%.The firm had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. Equities research analysts expect that StoneCo will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling at StoneCo

In related news, Director Silvio Morais sold 21,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.25% of the company’s stock.

Institutional Trading of StoneCo

Several hedge funds have recently added to or reduced their stakes in STNE. Rockefeller Capital Management L.P. lifted its position in shares of StoneCo by 74.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock worth $33,000 after acquiring an additional 936 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of StoneCo by 77.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,705 shares of the company’s stock valued at $38,000 after purchasing an additional 1,180 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of StoneCo by 54.4% during the 2nd quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of StoneCo by 274.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,184 shares of the company’s stock valued at $47,000 after acquiring an additional 2,333 shares during the period. Finally, Summit Securities Group LLC purchased a new position in StoneCo during the first quarter valued at approximately $61,000. Institutional investors own 73.19% of the company’s stock.

About StoneCo

StoneCo Ltd. is a Brazilian financial technology company that provides payment processing, banking and business-management solutions to entrepreneurs and small and medium-sized businesses. Its services are designed to help merchants accept electronic payments, manage cash flow and operate their businesses through integrated digital tools.

The company’s offerings include point-of-sale and mobile payment solutions, online payment processing, digital banking services, working-capital and credit products, and software for retail and other business operations.