StoneCo Ltd. (NASDAQ:STNE) Short Interest Update

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 9,820,000 shares, a decrease of 18.5% from the March 31st total of 12,050,000 shares. Based on an average trading volume of 5,070,000 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On StoneCo

Large investors have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in StoneCo during the 4th quarter worth $26,000. USA Financial Formulas bought a new position in StoneCo during the 4th quarter worth $26,000. Headlands Technologies LLC bought a new position in StoneCo during the 4th quarter worth $56,000. Tucker Asset Management LLC bought a new position in StoneCo during the 3rd quarter worth $60,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of StoneCo in the 3rd quarter valued at $101,000. Institutional investors own 73.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STNE shares. Barclays increased their price target on StoneCo from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. Susquehanna lowered their price target on StoneCo from $23.00 to $22.00 and set a "positive" rating for the company in a report on Friday, April 19th. UBS Group cut StoneCo from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Citigroup upped their price objective on StoneCo from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

StoneCo Stock Performance

Shares of STNE traded up $0.78 during mid-day trading on Friday, reaching $16.35. The company's stock had a trading volume of 6,294,173 shares, compared to its average volume of 4,732,987. StoneCo has a 1-year low of $9.34 and a 1-year high of $19.46. The stock has a market cap of $5.14 billion, a P/E ratio of 16.19, a PEG ratio of 0.60 and a beta of 2.34. The business has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $15.60. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The company had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. As a group, equities research analysts anticipate that StoneCo will post 1.27 earnings per share for the current fiscal year.

About StoneCo

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.