StoneCo - STNE Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STNE, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 1 year target prices for StoneCo's stock. Their STNE share price forecasts range from $11.00 to $20.00. On average, they expect the company's stock price to reach $15.43 in the next year. This suggests a possible upside of 68.1% from the stock's current price.
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StoneCo's stock was trading at $9.44 on January 1st, 2023. Since then, STNE stock has decreased by 2.8% and is now trading at $9.18.
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StoneCo saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 16,890,000 shares, a decrease of 28.0% from the February 28th total of 23,450,000 shares. Based on an average trading volume of 5,070,000 shares, the short-interest ratio is presently 3.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
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StoneCo Ltd. (NASDAQ:STNE) released its quarterly earnings data on Tuesday, March, 14th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $514.25 million for the quarter, compared to analysts' expectations of $383.41 million. StoneCo had a negative net margin of 5.76% and a positive trailing twelve-month return on equity of 3.74%.

ETFs with the largest weight of StoneCo (NASDAQ:STNE) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), ARK Fintech Innovation ETF (ARKF), Changebridge Capital Long/Short Equity ETF (CBLS), Changebridge Capital Sustainable Equity ETF (CBSE), BlackRock Future Financial and Technology ETF (BPAY), Fidelity Crypto Industry and Digital Payments ETF (FDIG), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) and ETFMG Prime Mobile Payments ETF (IPAY).

StoneCo updated its first quarter 2023 earnings guidance on Tuesday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $494.19M-, compared to the consensus revenue estimate of $519.54 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other StoneCo investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Block (SQ), PayPal (PYPL), Salesforce (CRM), Netflix (NFLX), Tesla (TSLA) and Micron Technology (MU).

(STNE) raised $1 billion in an IPO on Thursday, October 25th 2018. The company issued 47,700,000 shares at a price of $21.00-$23.00 per share. Goldman Sachs, J.P. Morgan and Citigroup served as the underwriters for the IPO and Itaú BBA, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and BTG Pactual were co-managers.

StoneCo trades on the NASDAQ under the ticker symbol "STNE."

StoneCo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Point72 Asset Management L.P. (3.85%), Sumitomo Mitsui Trust Holdings Inc. (3.04%), Nikko Asset Management Americas Inc. (3.04%), Two Sigma Advisers LP (1.28%), Bamco Inc. NY (1.21%) and Millennium Management LLC (1.11%).

Shares of STNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STNE stock can currently be purchased for approximately $9.18.

StoneCo (NASDAQ:STNE) has a market capitalization of $2.87 billion and generates $1.86 billion in revenue each year. The company earns $-100,610,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis.

The company employs 15,485 workers across the globe.

StoneCo's mailing address is R. Fidencio Ramos 308 Vila Olimpia 10th floor, Sao Paulo D5, 04551. The official website for the company is www.stone.co. The company can be reached via phone at (113) 004-9680 or via email at investors@stone.com.