StoneCo Ltd. (NASDAQ:STNE) Receives $15.63 Consensus Price Target from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.63.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group lowered their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley raised their price target on shares of StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Barclays raised their price target on shares of StoneCo from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Finally, Citigroup raised shares of StoneCo from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd.

StoneCo Price Performance

Shares of STNE opened at $13.36 on Friday. The firm has a market capitalization of $3.82 billion, a PE ratio of 10.44, a PEG ratio of 0.41 and a beta of 2.01. The company’s 50-day moving average is $12.15 and its 200-day moving average is $10.25. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $15.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. Equities analysts forecast that StoneCo will post 1.16 EPS for the current year.

Institutional Investors Weigh In On StoneCo

A number of large investors have recently bought and sold shares of STNE. GAMMA Investing LLC boosted its stake in shares of StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after purchasing an additional 2,720 shares in the last quarter. CWM LLC increased its stake in StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after purchasing an additional 2,416 shares in the last quarter. Jones Financial Companies Lllp increased its stake in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after purchasing an additional 3,056 shares in the last quarter. Sterling Capital Management LLC boosted 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 worth $36,000 after acquiring an additional 3,925 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in StoneCo by 143.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock worth $48,000 after acquiring an additional 2,715 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

About StoneCo

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.