StoneCo Ltd. (NASDAQ:STNE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.19 and last traded at $17.99, with a volume of 882856 shares. The stock had previously closed at $17.62.
Wall Street Analyst Weigh In
STNE has been the subject of several analyst reports. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. UBS Group raised their target price on shares of StoneCo from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Bank of America raised their target price on shares of StoneCo from $15.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. raised their target price on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.56.
Get Our Latest Stock Report on StoneCo
StoneCo Stock Up 1.0%
The firm has a market cap of $5.39 billion, a PE ratio of -26.90, a P/E/G ratio of 0.39 and a beta of 1.91. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.76. The business's 50-day simple moving average is $15.20 and its 200 day simple moving average is $13.59.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results 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. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The business had revenue of $643.82 million for the quarter, compared to analysts' expectations of $3.78 billion. As a group, equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Institutional Trading of StoneCo
A number of institutional investors have recently modified their holdings of STNE. Richardson Financial Services Inc. acquired a new stake in StoneCo in the 2nd quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company's stock worth $42,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 in the last quarter. CWM LLC boosted its stake in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in 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 in the last quarter. 73.19% of the stock is currently owned by institutional investors.
StoneCo Company Profile
(
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.
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