Brokerages Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $14.57

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.57.

A number of brokerages recently weighed in on STNE. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Wall Street Zen lowered StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley upped their price target on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st.

Institutional Investors Weigh In On StoneCo

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after purchasing an additional 2,720 shares in the last quarter. CWM LLC boosted its position in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after purchasing an additional 2,416 shares in the last quarter. Jones Financial Companies Lllp raised its stake in StoneCo by 254.7% during 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 period. Sterling Capital Management LLC raised its stake in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after buying an additional 3,925 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in StoneCo by 143.0% during the 1st 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 period. Institutional investors own 73.19% of the company's stock.

StoneCo Price Performance

Shares of StoneCo stock traded down $0.61 during trading on Monday, reaching $16.02. 4,827,780 shares of the company's stock were exchanged, compared to its average volume of 5,817,135. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39. StoneCo has a 1-year low of $7.72 and a 1-year high of $16.68. The company has a market cap of $4.58 billion, a P/E ratio of -20.54, a PEG ratio of 0.46 and a beta of 1.94. The firm's 50-day moving average price is $14.35 and its 200 day moving average price is $11.49.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. As a group, research analysts anticipate that StoneCo will post 1.16 earnings per share for the current 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.