StoneCo (NASDAQ:STNE) Hits New 12-Month High - Should You Buy?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $15.16 and last traded at $15.09, with a volume of 6911417 shares traded. The stock had previously closed at $13.76.

Analysts Set New Price Targets

Several equities analysts have recently commented on STNE shares. Morgan Stanley upped their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Finally, Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and boosted their target price for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.63.

StoneCo Stock Down 2.3%

The firm's fifty day moving average is $13.49 and its two-hundred day moving average is $10.78. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -18.62, a P/E/G ratio of 0.40 and a beta of 1.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. The company had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. On average, sell-side analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneCo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of StoneCo by 13.6% in the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after purchasing an additional 924 shares in the last quarter. Xponance Inc. boosted its holdings in StoneCo by 4.7% during the first quarter. Xponance Inc. now owns 21,762 shares of the company's stock worth $228,000 after buying an additional 981 shares in the last quarter. Thrivent Financial for Lutherans grew its position in StoneCo by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock worth $168,000 after buying an additional 1,205 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of StoneCo by 18.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock valued at $89,000 after buying an additional 1,317 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after buying an additional 1,800 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

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.