StoneCo (NASDAQ:STNE) Sets New 52-Week High - Here's Why

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $15.82 and last traded at $15.62, with a volume of 519985 shares traded. The stock had previously closed at $15.36.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley upped their target price on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Citigroup upgraded 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 research report on Tuesday, April 22nd. Finally, Wall Street Zen cut StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $14.57.

StoneCo Trading Up 4.4%

The firm has a market cap of $4.59 billion, a P/E ratio of -20.56, a price-to-earnings-growth ratio of 0.42 and a beta of 1.93. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.74. The company's fifty day moving average price is $13.95 and its two-hundred day moving average price is $11.10.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share 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 firm had revenue of $625.86 million during the quarter, compared to analysts' expectations of $3.68 billion. As a group, sell-side analysts predict that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STNE. GAMMA Investing LLC increased its position in StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after buying an additional 2,720 shares during the last quarter. CWM LLC lifted its position in StoneCo by 327.4% during the first 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 period. Jones Financial Companies Lllp boosted its position in shares of StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after acquiring an additional 3,056 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of StoneCo by 627.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after purchasing an additional 3,925 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in StoneCo by 143.0% during the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock worth $48,000 after acquiring an additional 2,715 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

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.