StoneCo (NASDAQ:STNE) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of StoneCo (NASDAQ:STNE - Free Report) from a hold rating to a buy rating in a report released on Thursday morning.

STNE has been the topic of several other research reports. The Goldman Sachs Group cut their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup raised StoneCo from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Barclays lifted their target price on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Finally, Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, StoneCo presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.

StoneCo Stock Up 1.5%

StoneCo stock traded up $0.20 during mid-day trading on Thursday, reaching $13.48. The stock had a trading volume of 2,243,364 shares, compared to its average volume of 5,705,392. The firm has a market capitalization of $3.85 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $15.08. The stock's 50-day simple moving average is $12.39 and its 200-day simple moving average is $10.30.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its earnings results 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 company had revenue of $625.86 million for the quarter, compared to analysts' expectations of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. On average, sell-side analysts forecast that StoneCo will post 1.16 EPS for the current fiscal year.

Institutional Trading of StoneCo

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company's stock valued at $4,962,000 after buying an additional 277,963 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of StoneCo by 34.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after buying an additional 11,605 shares during the period. JPMorgan Chase & Co. raised its stake in shares of StoneCo by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,696,729 shares of the company's stock valued at $13,523,000 after buying an additional 116,050 shares during the period. HighTower Advisors LLC bought a new stake in shares of StoneCo in the fourth quarter valued at $312,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of StoneCo by 5.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company's stock valued at $7,869,000 after buying an additional 47,841 shares during the period. 73.19% of the stock is currently owned by 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.