StoneCo Ltd. (NASDAQ:STNE - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $18.19 and last traded at $17.99, with a volume of 882856 shares trading hands. The stock had previously closed at $17.62.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Bank of America increased their target price on shares of StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. increased their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Finally, UBS Group increased their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and an average target price of $16.56.
Read Our Latest Stock Analysis on STNE
StoneCo Trading Up 2.5%
The company has a market cap of $5.17 billion, a price-to-earnings ratio of -25.83, a price-to-earnings-growth ratio of 0.47 and a beta of 1.91. The company's fifty day moving average price is $15.07 and its two-hundred day moving average price is $13.35. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76.
StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company 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%. Research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Institutional Trading of StoneCo
Several hedge funds have recently modified their holdings of STNE. Richardson Financial Services Inc. acquired a new stake in shares of StoneCo during the second quarter worth approximately $29,000. GAMMA Investing LLC raised its position 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 during the last quarter. CWM LLC raised its position 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 during the last quarter. Farther Finance Advisors LLC raised its position 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 during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position 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 during the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.
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.
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