StoneCo (NASDAQ:STNE) Rating Increased to Buy at Wall Street Zen

Key Points

• StoneCo has been upgraded to a "buy" rating by Wall Street Zen, indicating increased confidence in the stock's potential.
• Other analysts have raised their price targets for StoneCo, with Bank of America increasing it from $15.00 to $25.00 and Zacks Research giving a "strong-buy" rating.
• StoneCo reported earnings of $0.39 per share, surpassing analysts' expectations, despite a negative net margin of 8.37% for the quarter.

StoneCo (NASDAQ:STNE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.

Other analysts have also recently issued reports about the company. Bank of America upped their price target on StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Zacks Research raised shares of StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of StoneCo from $15.50 to $18.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, UBS Group upped their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Two 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 given a Sell rating to the company's stock. According to MarketBeat.com, StoneCo presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.56.

StoneCo Price Performance

STNE opened at $18.72 on Friday. The company has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $14.13. The firm has a market capitalization of $5.35 billion, a PE ratio of -26.74, a P/E/G ratio of 0.38 and a beta of 1.91. StoneCo has a 52 week low of $7.72 and a 52 week high of $19.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48.

StoneCo (NASDAQ:STNE - Get Free Report) last posted 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 positive return on equity of 18.71% and a negative net margin of 8.37%.The company had revenue of $643.82 million for the quarter, compared to the consensus estimate of $3.78 billion. As a group, analysts anticipate that StoneCo will post 1.16 earnings per share for the current year.

Institutional Trading of StoneCo

Several institutional investors and hedge funds have recently bought and sold shares of STNE. Corient Private Wealth LLC bought a new stake in StoneCo during the second quarter worth $181,000. Osaic Holdings Inc. grew 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 purchasing an additional 4,223 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of StoneCo in the second quarter valued at approximately $530,000. Neuberger Berman Group LLC grew its holdings 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 purchasing an additional 1,140 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in StoneCo in the 2nd quarter valued at about $1,533,000. 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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