StoneCo Ltd. (NASDAQ:STNE) Receives $15.07 Average Price Target from Brokerages

Key Points

• StoneCo Ltd. has received an average rating of "Moderate Buy" from ten brokerage firms, with one sell rating, one hold rating, seven buy ratings, and one strong buy rating.
• The average price target for StoneCo stock among analysts is $15.07, and recent reports have seen price targets raised, including a jump from $13.00 to $15.00 by Barclays.
• StoneCo's stock opened at $12.78, with a market cap of $3.66 billion and a 52-week price range between $7.72 and $16.68.

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.0714.

Several research firms have weighed in on STNE. JPMorgan Chase & Co. lifted their target price on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Barclays upped their price target on StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On StoneCo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in shares of StoneCo by 143.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after purchasing an additional 2,715 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of StoneCo by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock worth $13,523,000 after purchasing an additional 116,050 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of StoneCo in the 1st quarter worth $597,000. GAMMA Investing LLC boosted its position in shares of StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after purchasing an additional 2,720 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of StoneCo in the 4th quarter worth $132,000. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Performance

NASDAQ:STNE traded up $0.24 during midday trading on Friday, reaching $12.81. 800,255 shares of the company traded hands, compared to its average volume of 6,062,674. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. StoneCo has a twelve month low of $7.72 and a twelve month high of $16.68. The company has a fifty day moving average price of $14.48 and a 200 day moving average price of $12.18. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -16.40, a price-to-earnings-growth ratio of 0.33 and a beta of 1.88.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. On average, analysts expect that StoneCo 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.