StoneCo (NASDAQ:STNE) Given New $15.00 Price Target at Barclays

StoneCo (NASDAQ:STNE - Free Report) had its target price increased by Barclays from $13.00 to $15.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently issued reports on the company. Morgan Stanley increased their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price objective for the company from $9.00 to $15.00 in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their price objective on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.63.

StoneCo Price Performance

NASDAQ STNE traded down $0.56 during trading hours on Monday, reaching $13.43. The company's stock had a trading volume of 3,067,486 shares, compared to its average volume of 5,732,946. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average price is $11.82 and its 200-day moving average price is $10.21. StoneCo has a 1 year low of $7.72 and a 1 year high of $15.64. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) 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 the consensus estimate of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, equities research analysts predict that StoneCo will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Several institutional investors have recently bought and sold shares of STNE. Barclays PLC boosted its position in StoneCo by 170.8% in the 3rd quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after buying an additional 277,963 shares during the period. Commons Capital LLC purchased a new position in StoneCo in the fourth quarter valued at $383,000. Asset Management One Co. Ltd. grew its stake in StoneCo by 34.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock worth $373,000 after purchasing an additional 11,605 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in StoneCo by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock worth $13,523,000 after purchasing an additional 116,050 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in StoneCo during the 4th quarter worth about $312,000. 73.19% of the stock is owned by institutional investors and hedge funds.

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.