StoneCo - STNE Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last year. There are currently 6 hold ratings and 4 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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10 Wall Street analysts have issued 12-month price targets for StoneCo's shares. Their STNE share price forecasts range from $11.00 to $22.00. On average, they expect the company's share price to reach $16.80 in the next year. This suggests a possible upside of 53.6% from the stock's current price.
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StoneCo's stock was trading at $16.86 at the beginning of 2022. Since then, STNE stock has decreased by 35.1% and is now trading at $10.94.
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StoneCo saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 12,370,000 shares, a drop of 22.8% from the October 31st total of 16,020,000 shares. Based on an average daily trading volume, of 6,160,000 shares, the short-interest ratio is currently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
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StoneCo Ltd. (NASDAQ:STNE) released its quarterly earnings results on Thursday, November, 17th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $478.88 million for the quarter, compared to analyst estimates of $477.52 million. StoneCo had a negative net margin of 15.73% and a positive trailing twelve-month return on equity of 2.49%.

StoneCo updated its fourth quarter 2022 earnings guidance on Thursday, November, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $496.35M-, compared to the consensus revenue estimate of $505.84 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 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.86%), Sumitomo Mitsui Trust Holdings Inc. (3.07%), Truxt Investmentos Ltda. (1.48%), State Street Corp (1.45%), Point72 Asset Management L.P. (1.32%) and Polunin Capital Partners Ltd (1.13%).

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 $10.94.

StoneCo (NASDAQ:STNE) has a market capitalization of $3.42 billion and generates $894.07 million in revenue each year. The company earns $-251,790,000.00 in net income (profit) each year or ($0.85) 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 551130049680 or via email at investors@stone.com.