Analysts Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $14.38

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.38.

A number of research firms have weighed in on STNE. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Susquehanna cut their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays cut their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th.

StoneCo Stock Up 2.5 %

Shares of NASDAQ STNE opened at $9.51 on Tuesday. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93. The firm’s 50 day moving average price is $8.91 and its 200 day moving average price is $10.26. The firm has a market cap of $2.94 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

Hedge Funds Weigh In On StoneCo

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in shares of StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after acquiring an additional 3,056 shares during the period. Sterling Capital Management LLC grew its holdings in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock valued at $36,000 after purchasing an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after purchasing an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in StoneCo during the 4th quarter valued at $56,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock valued at $59,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors 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.