StoneCo Ltd. (NASDAQ:STNE - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $16.34 and last traded at $16.31, with a volume of 2763202 shares trading hands. The stock had previously closed at $16.01.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research note on Wednesday, May 21st. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and increased their price target for the stock from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Barclays increased their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Wells Fargo & Company upgraded shares of StoneCo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley increased their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, StoneCo currently has an average rating of "Moderate Buy" and a consensus target price of $14.57.
Get Our Latest Research Report on StoneCo
StoneCo Stock Up 1.9%
The business's 50 day moving average is $14.21 and its 200-day moving average is $11.37. 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 has a market capitalization of $4.66 billion, a price-to-earnings ratio of -20.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.68 billion. Equities analysts anticipate that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Hedge Funds Weigh In On StoneCo
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of StoneCo by 13.6% during the 1st quarter. Signaturefd LLC now owns 7,708 shares of the company's stock worth $81,000 after acquiring an additional 924 shares during the period. Xponance Inc. lifted its holdings in shares of StoneCo by 4.7% during the 1st quarter. Xponance Inc. now owns 21,762 shares of the company's stock worth $228,000 after acquiring an additional 981 shares during the period. Thrivent Financial for Lutherans increased its position in shares of StoneCo by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company's stock worth $168,000 after purchasing an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of StoneCo by 18.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company's stock worth $89,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock worth $59,000 after purchasing an additional 1,800 shares in the last quarter. 73.19% of the stock is owned by institutional investors.
About StoneCo
(
Get Free Report)
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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