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

MYDA Advisors LLC acquired a new position in shares of StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,200 shares of the company's stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also made changes to their positions in STNE. Jones Financial Companies Lllp grew its stake in shares of StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after buying an additional 3,056 shares during the last quarter. Sterling Capital Management LLC grew its position in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after purchasing an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in StoneCo by 166.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after buying an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of StoneCo in the fourth quarter worth approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised 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 acquiring an additional 1,800 shares during the last quarter. Institutional investors own 73.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays boosted their price target on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $9.00 to $15.00 in a report on Tuesday. Morgan Stanley lifted their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.38.

StoneCo Trading Up 1.4 %

Shares of STNE traded up $0.19 during midday trading on Friday, hitting $13.62. The stock had a trading volume of 3,214,427 shares, compared to its average volume of 5,687,692. StoneCo Ltd. has a 1 year low of $7.72 and a 1 year high of $17.09. 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's 50 day moving average is $10.66 and its 200 day moving average is $9.95. The firm has a market cap of $4.21 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.41 and a beta of 2.05.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million during the quarter, compared to analyst estimates of $3.59 billion. As a group, analysts forecast that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

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.