StoneCo (NASDAQ:STNE) Reaches New 1-Year High - Still a Buy?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.34 and last traded at $16.31, with a volume of 2763202 shares traded. The stock had previously closed at $16.01.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price 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. Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.57.

StoneCo Stock Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.39. The firm's 50 day simple moving average is $14.35 and its 200-day simple moving average is $11.49. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -19.83, a PEG ratio of 0.46 and a beta of 1.94.

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

Institutional Trading of StoneCo

A number of institutional investors and hedge funds have recently bought and sold shares of STNE. Bank of New York Mellon Corp increased its stake in StoneCo by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 987,125 shares of the company's stock worth $7,867,000 after purchasing an additional 15,200 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of StoneCo during the fourth quarter worth approximately $101,000. Jones Financial Companies Lllp increased its stake in shares of StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after buying an additional 3,056 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of StoneCo during the fourth quarter worth approximately $132,000. Finally, Amundi increased its stake in shares of StoneCo by 3.0% during the fourth quarter. Amundi now owns 313,317 shares of the company's stock worth $2,497,000 after buying an additional 9,263 shares during the period. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

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.