Insider Selling: StoneCo (NASDAQ:STNE) Director Sells $208,110.00 in Stock

StoneCo Ltd. (NASDAQ:STNE) Director Silvio Morais sold 21,000 shares of StoneCo stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Silvio Jose Morais also recently made the following trade(s):

• On Friday, June 12th, Silvio Morais sold 9,000 shares of StoneCo stock. The stock was sold at an average price of $11.29, for a total value of $101,610.00.

StoneCo Stock Down 1.9%

StoneCo stock opened at $10.10 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 4.08, a price-to-earnings-growth ratio of 0.27 and a beta of 1.75. StoneCo Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $19.95. The stock’s fifty day moving average is $10.45 and its two-hundred day moving average is $11.87.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share 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 business had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. Analysts predict that StoneCo Ltd. will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in shares of StoneCo during the 1st quarter valued at about $902,000. Strs Ohio acquired a new stake in shares of StoneCo in the first quarter worth approximately $70,000. Prudential Financial Inc. grew its holdings in StoneCo by 37.4% in the second quarter. Prudential Financial Inc. now owns 28,075 shares of the company’s stock valued at $450,000 after purchasing an additional 7,635 shares during the period. Invesco Ltd. grew its holdings in StoneCo by 8.3% in the second quarter. Invesco Ltd. now owns 256,142 shares of the company’s stock valued at $4,109,000 after purchasing an additional 19,723 shares during the period. Finally, First Trust Advisors LP increased its position in StoneCo by 10.0% during the second quarter. First Trust Advisors LP now owns 13,995 shares of the company’s stock worth $224,000 after purchasing an additional 1,273 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America lowered shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Wednesday, July 15th. Jefferies Financial Group initiated coverage on StoneCo in a research note on Thursday, July 23rd. They issued a “hold” rating and a $12.60 target price on the stock. JPMorgan Chase & Co. lowered their target price on StoneCo from $20.00 to $16.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings downgraded StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, UBS Group reduced their price objective on StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, StoneCo presently has an average rating of “Hold” and an average target price of $14.30.

StoneCo Company Profile

StoneCo Ltd. is a financial technology company serving businesses and consumers in Brazil. Through its Stone and Ton brands, the company provides electronic payment processing and point-of-sale solutions, including card acceptance, digital payments, payment links and related tools for merchants of varying sizes.

StoneCo also offers financial services designed to support small and medium-sized businesses, such as digital banking, working-capital products and other business management tools.