StoneCo - STNE Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last year. There are currently 4 hold ratings and 3 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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7 Wall Street analysts have issued 1-year price targets for StoneCo's shares. Their STNE share price forecasts range from $11.00 to $20.00. On average, they predict the company's stock price to reach $15.13 in the next year. This suggests a possible upside of 59.5% 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 shares have increased by 0.4% and is now trading at $9.48.
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StoneCo saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 16,890,000 shares, a drop 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 days-to-cover ratio is currently 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) announced its earnings results on Tuesday, March, 14th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $514.25 million for the quarter, compared to the consensus estimate 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 Changebridge Select Equity ETF (CBSE), Amplify Emerging Markets FinTech ETF (EMFQ), ARK Fintech Innovation ETF (ARKF), Changebridge Long/Short Equity ETF (CBLS), Fidelity Crypto Industry and Digital Payments ETF (FDIG), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), ETFMG Prime Mobile Payments ETF (IPAY) and Global X FinTech ETF (FINX).

StoneCo updated its first quarter 2023 earnings guidance on Tuesday, March, 14th. The company provided earnings per share 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 initial public offering (IPO) on Thursday, October 25th 2018. The company issued 47,700,000 shares at $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 variety of retail and institutional investors. Top institutional investors 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 $9.48.

StoneCo (NASDAQ:STNE) has a market capitalization of $2.96 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.