StoneCo (NASDAQ:STNE) Hits New 12-Month High - Here's Why

Key Points

• StoneCo Ltd. achieved a new 52-week high of $18.99 during trading on Wednesday, with a final trading price of $18.83.
• Analysts have mixed ratings on StoneCo, with Zacks Research upgrading it to "strong-buy" and Wall Street Zen downgrading it from "buy" to "hold."
• StoneCo reported $0.39 EPS for the last quarter, surpassing analysts' expectations of $0.36, and recorded a revenue of $643.82 million.

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $18.99 and last traded at $18.83, with a volume of 6291746 shares changing hands. The stock had previously closed at $18.65.

Analyst Upgrades and Downgrades

STNE has been the topic of several research analyst reports. UBS Group raised their price objective on StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a report on Friday, August 29th. Bank of America lifted their price target on StoneCo from $15.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Zacks Research upgraded StoneCo to a "strong-buy" rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. lifted their price objective on StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.56.

StoneCo Price Performance

The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -27.71, a PEG ratio of 0.42 and a beta of 1.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The company has a 50 day moving average of $15.44 and a 200 day moving average of $13.84.

StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The firm had revenue of $643.82 million during the quarter, compared to analysts' expectations of $3.78 billion. As a group, equities research analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in shares of StoneCo by 77.8% during the 2nd quarter. Osaic Holdings Inc. now owns 9,653 shares of the company's stock worth $154,000 after acquiring an additional 4,223 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in StoneCo during the 2nd quarter valued at approximately $530,000. Neuberger Berman Group LLC raised its stake in shares of StoneCo by 6.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 18,399 shares of the company's stock worth $295,000 after buying an additional 1,140 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of StoneCo during the 2nd quarter worth approximately $1,533,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of StoneCo by 93.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 61,353 shares of the company's stock worth $984,000 after buying an additional 29,629 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

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.