StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

STNE has been the subject of a number of research reports. Susquehanna lowered their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Barclays reduced their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Citigroup restated a “neutral” rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Finally, The Goldman Sachs Group reduced their target price 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.

Institutional Investors Weigh In On StoneCo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after buying an additional 3,056 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in StoneCo during the fourth quarter worth $56,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock valued at $59,000 after buying an additional 1,800 shares during the period. Finally, KBC Group NV acquired a new stake in StoneCo during the fourth quarter worth about $73,000. Institutional investors own 73.19% of the company’s stock.

StoneCo Stock Up 1.3 %

Shares of STNE opened at $9.57 on Friday. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $18.19. The company’s fifty day moving average is $8.62 and its two-hundred day moving average is $10.63. The firm has a market cap of $2.96 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.37 and a beta of 2.25. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

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.