StoneCo (NASDAQ:STNE) Price Target Raised to $18.50

StoneCo (NASDAQ:STNE - Get Free Report) had its price target raised by investment analysts at JPMorgan Chase & Co. from $15.50 to $18.50 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 24.45% from the company's previous close.

A number of other brokerages have also weighed in on STNE. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.00 to $15.00 in a report on Tuesday, April 22nd. Barclays lifted their target price on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Wall Street Zen downgraded shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley boosted their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, StoneCo has an average rating of "Moderate Buy" and an average price target of $15.07.

StoneCo Trading Down 0.0%

Shares of StoneCo stock traded down $0.01 during trading on Wednesday, reaching $14.87. 2,241,750 shares of the stock were exchanged, compared to its average volume of 5,794,310. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The stock's fifty day moving average is $14.45 and its 200 day moving average is $11.66. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 0.42 and a beta of 1.94. StoneCo has a 1 year low of $7.72 and a 1 year high of $16.68.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. The business had revenue of $625.86 million during the quarter, compared to analyst estimates of $3.68 billion. As a group, equities research analysts expect that StoneCo will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in STNE. Point72 Asset Management L.P. raised its holdings in shares of StoneCo by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after purchasing an additional 2,534,079 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in StoneCo by 46.8% in the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock valued at $111,191,000 after buying an additional 4,446,709 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. increased its holdings in StoneCo by 3.1% in the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company's stock valued at $125,581,000 after buying an additional 359,037 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in StoneCo by 40.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock valued at $55,739,000 after buying an additional 2,008,710 shares in the last quarter. Finally, Nuveen LLC purchased a new position in StoneCo in the first quarter valued at $70,502,000. Hedge funds and other institutional investors own 73.19% of the company's stock.

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.

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