MYDA Advisors LLC Makes New $424,000 Investment in StoneCo Ltd. (NASDAQ:STNE)

MYDA Advisors LLC acquired a new stake in shares of StoneCo Ltd. (NASDAQ:STNE) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 53,200 shares of the company’s stock, valued at approximately $424,000.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after purchasing an additional 3,056 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after purchasing an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after purchasing an additional 4,000 shares during the period. SBI Securities Co. Ltd. purchased a new stake in StoneCo in the fourth quarter valued at approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after buying an additional 1,800 shares during the period. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Up 3.6 %

StoneCo stock opened at $12.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $3.79 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05. The business has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $9.89. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $17.09.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. On average, analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STNE has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. Barclays increased their price target on StoneCo from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Citigroup restated a “neutral” rating and issued a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group reduced their price target on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Company 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.