StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.47, but opened at $14.00. StoneCo shares last traded at $13.94, with a volume of 2,237,384 shares changing hands.
Analysts Set New Price Targets
Several brokerages have recently issued reports on STNE. Santander upgraded shares of StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Citigroup upgraded shares of StoneCo from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Barclays upped their target price on shares of StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on shares of StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of StoneCo from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.07.
Check Out Our Latest Research Report on STNE
StoneCo Trading Up 5.5%
The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.74. The stock's 50 day moving average price is $14.51 and its 200-day moving average price is $11.83. The stock has a market capitalization of $4.06 billion, a P/E ratio of -18.22, a P/E/G ratio of 0.36 and a beta of 1.94.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $625.86 million during the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a negative net margin of 8.90% and a positive return on equity of 16.65%. As a group, equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in StoneCo by 334.4% in the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company's stock valued at $42,000 after buying an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in StoneCo by 1,486.3% in the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after buying an additional 2,720 shares in the last quarter. CWM LLC increased its holdings in StoneCo by 327.4% in the first quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after buying an additional 2,416 shares in the last quarter. Sterling Capital Management LLC increased its holdings in StoneCo by 627.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after buying an additional 3,925 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after buying an additional 2,715 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
