StoneCo (NASDAQ:STNE) Hits New 52-Week High - Should You Buy?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.47 and last traded at $15.37, with a volume of 599191 shares traded. The stock had previously closed at $14.96.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and increased their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley increased their price objective on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.57.

StoneCo Price Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -19.66, a price-to-earnings-growth ratio of 0.41 and a beta of 1.92. The stock has a 50 day moving average price of $13.81 and a 200-day moving average price of $10.98.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating 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 negative net margin of 8.90% and a positive return on equity of 16.65%. On average, analysts forecast that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in StoneCo during the 1st quarter worth $70,000. Intech Investment Management LLC grew its holdings in StoneCo by 10.5% in the 1st quarter. Intech Investment Management LLC now owns 180,665 shares of the company's stock valued at $1,893,000 after buying an additional 17,192 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. boosted its position in shares of StoneCo by 3.1% during the 1st quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company's stock valued at $125,581,000 after acquiring an additional 359,037 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new position in StoneCo in the first quarter worth $1,572,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in StoneCo by 65.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,514,742 shares of the company's stock valued at $15,887,000 after acquiring an additional 599,313 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

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.