Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have received an average rating of "Moderate Buy" from the eleven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.3571.
A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of StoneCo from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Barclays lifted their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Zacks Research upgraded shares of StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th.
Read Our Latest Analysis on STNE
Hedge Funds Weigh In On StoneCo
Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in shares of StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after buying an additional 2,715 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of StoneCo in the first quarter worth approximately $597,000. Fourth Sail Capital LP purchased a new position in shares of StoneCo in the first quarter worth approximately $13,640,000. GAMMA Investing LLC boosted its holdings in shares of StoneCo by 1,486.3% in the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after buying an additional 2,720 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of StoneCo in the fourth quarter worth approximately $132,000. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Stock Down 0.9%
NASDAQ:STNE traded down $0.16 on Tuesday, reaching $16.45. 1,848,480 shares of the stock traded hands, compared to its average volume of 5,969,463. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of -23.51, a PEG ratio of 0.42 and a beta of 1.88. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo has a 12 month low of $7.72 and a 12 month high of $16.82. The company's fifty day simple moving average is $14.81 and its 200 day simple moving average is $12.91.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. The business had revenue of $643.82 million during the quarter, compared to analyst estimates of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Equities analysts predict that StoneCo will post 1.16 EPS for the current fiscal year.
About StoneCo
(
Get Free Report)
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.
See Also
Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access