StoneCo Ltd. (NASDAQ:STNE) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts rate StoneCo “Hold” on average: Six of ten analysts recommend holding the stock, while four recommend buying it. The average 12-month price target is $14.30, above the reported $10.11 share price.
• Recent analyst actions have generally reduced expectations, including downgrades by Bank of America and Citigroup and lower price targets from UBS and BTIG.
• StoneCo reported quarterly EPS of $0.47, slightly exceeding the $0.46 consensus estimate. Institutional investors own 73.19% of the company, while an insider recently sold 9,000 shares.

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have earned an average rating of "Hold" from the ten analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.30.

STNE has been the topic of a number of research analyst reports. Bank of America downgraded StoneCo from a "buy" rating to a "neutral" rating and set a $13.00 target price on the stock. in a research report on Wednesday, July 15th. UBS Group lowered their price target on StoneCo from $15.00 to $13.00 and set a "buy" rating for the company in a report on Friday, August 28th. Citigroup downgraded StoneCo from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $18.00 to $11.00 in a research report on Friday, May 15th. Jefferies Financial Group assumed coverage on shares of StoneCo in a research report on Thursday, July 23rd. They issued a "hold" rating and a $12.60 target price on the stock. Finally, BTIG Research lowered their target price on shares of StoneCo from $22.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, May 15th.

Insider Buying and Selling

In other StoneCo news, Director Silvio Morais sold 9,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.29, for a total value of $101,610.00. Following the sale, the director owned 21,000 shares of the company's stock, valued at $237,090. This trade represents a 30.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.25% of the stock is owned by corporate insiders.

Institutional Trading of StoneCo

A number of institutional investors have recently bought and sold shares of STNE. Kestra Advisory Services LLC acquired a new stake in StoneCo during the fourth quarter worth approximately $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of StoneCo by 74.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company's stock valued at $33,000 after buying an additional 936 shares in the last quarter. Versant Capital Management Inc grew its position in shares of StoneCo by 54.4% in the 2nd quarter. Versant Capital Management Inc now owns 3,032 shares of the company's stock valued at $33,000 after buying an additional 1,068 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of StoneCo in the 4th quarter valued at $33,000. Finally, Advisory Services Network LLC acquired a new stake in StoneCo during the 3rd quarter worth $37,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Stock Performance

NASDAQ:STNE opened at $10.11 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.30 and a beta of 1.75. The company's 50-day moving average is $10.54 and its two-hundred day moving average is $12.11. StoneCo has a 1-year low of $9.08 and a 1-year high of $19.95.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $129.73 million during the quarter, compared to the consensus estimate of $708.24 million. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. Analysts forecast that StoneCo will post 2.3 EPS for the current year.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source