StoneCo Ltd. (NASDAQ:STNE - Get Free Report) saw unusually large options trading activity on Thursday. Stock traders purchased 9,965 call options on the stock. This is an increase of 186% compared to the average daily volume of 3,482 call options.
Analyst Ratings Changes
STNE has been the topic of several recent research reports. UBS Group reaffirmed a "buy" rating on shares of StoneCo in a report on Thursday, October 15th. Bank of America cut 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 started coverage on shares of StoneCo in a research report on Thursday, July 23rd. They issued a "hold" rating and a $12.60 price target on the stock. Finally, Weiss Ratings raised shares of StoneCo from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 20th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.30.
Check Out Our Latest Analysis on StoneCo
Insider Transactions at StoneCo
In other news, Director Silvio Morais sold 21,000 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional Trading of StoneCo
A number of institutional investors have recently modified their holdings of the company. SPX Gestao de Recursos Ltda grew its holdings 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 worth $109,120,000 after purchasing an additional 2,491,394 shares during the last quarter. BRC Global BAH Investments Ltd. lifted its holdings in shares of StoneCo by 32.7% during the 1st quarter. BRC Global BAH Investments Ltd. now owns 7,580,409 shares of the company's stock valued at $107,035,000 after purchasing an additional 1,867,018 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of StoneCo by 559.3% in 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 purchasing an additional 5,840,741 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. grew its stake in StoneCo by 435.5% during the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company's stock worth $94,071,000 after buying an additional 5,418,053 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in StoneCo by 151.7% during the 1st quarter. Bank of America Corp DE now owns 6,032,572 shares of the company's stock worth $85,180,000 after buying an additional 3,636,276 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.
StoneCo Trading Down 1.3%
StoneCo stock traded down $0.10 during mid-day trading on Thursday, hitting $7.99. The company's stock had a trading volume of 3,301,581 shares, compared to its average volume of 5,624,206. The stock has a market cap of $1.99 billion, a PE ratio of 3.22, a P/E/G ratio of 0.32 and a beta of 1.68. StoneCo has a one year low of $7.06 and a one year high of $19.45. The company has a 50 day moving average of $10.18 and a 200-day moving average of $12.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. StoneCo had a net margin of 22.92% and a return on equity of 22.19%. The business had revenue of $129.73 million for the quarter, compared to the consensus estimate of $708.24 million. On average, research analysts anticipate that StoneCo will post 2.21 EPS for the current year.
About StoneCo
(
Get Free Report)
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.
Further Reading
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