Weiss Ratings Reiterates "Sell (D+)" Rating for StoneCo (NASDAQ:STNE)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for StoneCo (NASDAQ:STNE), reflecting ongoing concerns regarding the company's performance.
• StoneCo's stock has received a mix of ratings from analysts, with one "Strong Buy", eight "Buy", one "Hold", and two "Sell" ratings, resulting in an average rating of "Moderate Buy".
• The company's stock price has fluctuated between a one-year low of $7.72 and a high of $19.95, currently opening at $18.16, while institutions hold a significant portion, owning 73.19% of the shares.

StoneCo (NASDAQ:STNE - Get Free Report)'s stock had its "sell (d+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

STNE has been the topic of several other research reports. Zacks Research upgraded StoneCo to a "strong-buy" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Bank of America lifted their price target on StoneCo from $15.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. UBS Group lifted their price target on StoneCo from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Wall Street Zen upgraded StoneCo from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, StoneCo currently has an average rating of "Moderate Buy" and a consensus price target of $16.56.

StoneCo Price Performance

StoneCo stock opened at $18.16 on Wednesday. The stock's fifty day moving average price is $16.64 and its two-hundred day moving average price is $14.58. StoneCo has a one year low of $7.72 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $5.19 billion, a PE ratio of -25.94, a price-to-earnings-growth ratio of 0.36 and a beta of 1.99.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The firm had revenue of $643.82 million for the quarter, compared to analyst estimates of $3.78 billion. As a group, research analysts expect that StoneCo will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneCo

Several hedge funds have recently modified their holdings of STNE. Nuveen LLC acquired a new stake in shares of StoneCo during the 1st quarter valued at $70,502,000. JGP Global Gestao de Recursos Ltda. lifted its holdings in StoneCo by 484.8% during the 1st quarter. JGP Global Gestao de Recursos Ltda. now owns 4,472,738 shares of the company's stock worth $46,874,000 after buying an additional 3,707,941 shares during the period. Norges Bank acquired a new position in StoneCo during the 2nd quarter worth about $44,366,000. Azora Capital LP lifted its holdings in StoneCo by 88.2% during the 2nd quarter. Azora Capital LP now owns 4,863,331 shares of the company's stock worth $78,008,000 after buying an additional 2,279,821 shares during the period. Finally, Tekne Capital Management LLC acquired a new position in StoneCo during the 2nd quarter worth about $35,288,000. Institutional investors and hedge funds own 73.19% of the company's stock.

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.

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