StoneCo Ltd. (NASDAQ:STNE - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $12.06, but opened at $12.64. StoneCo shares last traded at $12.62, with a volume of 632,556 shares changing hands.
Analysts Set New Price Targets
A number of research firms have issued reports on STNE. 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 raised StoneCo from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Barclays lifted their target price on StoneCo from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.38.
Read Our Latest Analysis on StoneCo
StoneCo Price Performance
The company's 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $4.25 billion, a P/E ratio of 10.74, a PEG ratio of 0.41 and a beta of 2.05.
StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $582.20 million during the quarter, compared to the consensus estimate of $3.59 billion. As a group, equities analysts expect that StoneCo Ltd. will post 1.16 EPS for the current fiscal year.
Hedge Funds Weigh In On StoneCo
A number of large investors have recently modified their holdings of STNE. Thrivent Financial for Lutherans lifted its holdings in 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 buying an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in 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 during the last quarter. Aviva PLC lifted its position in StoneCo by 1.1% during the 4th quarter. Aviva PLC now owns 176,900 shares of the company's stock valued at $1,410,000 after purchasing an additional 2,000 shares during the period. Xponance Inc. boosted its stake in shares of StoneCo by 10.9% in the 4th quarter. Xponance Inc. now owns 20,781 shares of the company's stock valued at $166,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Prudential PLC grew its position in shares of StoneCo by 21.4% during the 4th quarter. Prudential PLC now owns 15,051 shares of the company's stock worth $120,000 after buying an additional 2,656 shares during the period. 73.19% of the stock is currently owned by institutional investors and hedge funds.
StoneCo Company Profile
(
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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