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

StoneCo Ltd. (NASDAQ:STNE) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.94.

Several equities analysts have recently issued reports on STNE shares. Bank of America downgraded shares of 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. UBS Group reissued a “buy” rating on shares of StoneCo in a research note on Thursday, October 15th. Jefferies Financial Group began coverage on StoneCo in a report on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective for the company. The Goldman Sachs Group lowered their target price on StoneCo from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday. Finally, Weiss Ratings raised StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 20th.

StoneCo Stock Performance

NASDAQ:STNE opened at $7.75 on Friday. The stock has a market cap of $1.93 billion, a P/E ratio of 3.13, a price-to-earnings-growth ratio of 0.21 and a beta of 1.68. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $10.12 and its 200-day moving average is $12.20. StoneCo has a 1-year low of $7.06 and a 1-year high of $19.45.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $129.73 million during the quarter, compared to the consensus estimate of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. Equities research analysts anticipate that StoneCo will post 2.21 earnings per share for the current year.

Insider Transactions at StoneCo

In other news, Director Silvio Morais sold 21,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. 11.25% of the stock is currently owned by insiders.

Institutional Trading of StoneCo

Hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. raised its stake in StoneCo by 559.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 6,885,009 shares of the company’s stock worth $64,306,000 after buying an additional 5,840,741 shares during the period. Squadra Investments Gestao DE Recursos LTDA. boosted its holdings in StoneCo by 435.5% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company’s stock worth $94,071,000 after acquiring an additional 5,418,053 shares in the last quarter. Bank of America Corp DE grew its stake in StoneCo by 151.7% in the first quarter. Bank of America Corp DE now owns 6,032,572 shares of the company’s stock valued at $85,180,000 after acquiring an additional 3,636,276 shares during the period. SPX Gestao de Recursos Ltda grew its stake in StoneCo by 47.6% in the first quarter. SPX Gestao de Recursos Ltda now owns 7,728,014 shares of the company’s stock valued at $109,120,000 after acquiring an additional 2,491,394 shares during the period. Finally, BRC Global BAH Investments Ltd. grew its stake in StoneCo by 32.7% in the first quarter. BRC Global BAH Investments Ltd. now owns 7,580,409 shares of the company’s stock valued at $107,035,000 after acquiring an additional 1,867,018 shares during the period. Institutional investors own 73.19% of the company’s stock.

StoneCo Company Profile

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.