StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2021, the company served approximately 1,766,100 clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands. StoneCo Ltd. operates as a subsidiary of HR Holdings, LLC.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on STNE shares. The Goldman Sachs Group dropped their price target on StoneCo from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 20th. Susquehanna reduced their target price on StoneCo from $28.00 to $20.00 in a report on Monday, July 11th. Finally, Susquehanna Bancshares reduced their price objective on StoneCo from $28.00 to $20.00 in a research note on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.21.
StoneCo Stock Performance
Shares of NASDAQ:STNE traded down $0.42 during midday trading on Tuesday, reaching $11.24. 115,069 shares of the company traded hands, compared to its average volume of 6,289,144. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.19. StoneCo has a 12 month low of $6.81 and a 12 month high of $58.72. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -10.17 and a beta of 2.39. The firm's fifty day moving average price is $9.19 and its two-hundred day moving average price is $10.39.
StoneCo (NASDAQ:STNE - Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. StoneCo had a negative return on equity of 4.20% and a negative net margin of 30.49%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 138.6% compared to the same quarter last year. On average, equities analysts expect that StoneCo will post 0.2 earnings per share for the current year.