StoneCo Ltd. (NASDAQ:STNE) Receives $18.80 Consensus Target Price from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.00.

Several equities analysts have weighed in on STNE shares. UBS Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays raised their price target on StoneCo from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Citigroup raised their price target on StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Susquehanna decreased their price target on StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group raised StoneCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $21.00 in a report on Monday, January 22nd.

StoneCo Price Performance

Shares of StoneCo stock opened at $15.30 on Friday. The stock has a market cap of $4.81 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.56 and a beta of 2.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s fifty day moving average is $16.64 and its 200 day moving average is $15.33. StoneCo has a one year low of $9.34 and a one year high of $19.46.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The firm had revenue of $655.87 million for the quarter, compared to the consensus estimate of $468.47 million. Sell-side analysts anticipate that StoneCo will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. 1832 Asset Management L.P. purchased a new position in shares of StoneCo during the fourth quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. purchased a new position in StoneCo in the fourth quarter worth about $26,000. USA Financial Formulas purchased a new position in StoneCo in the fourth quarter worth about $26,000. Quarry LP purchased a new position in StoneCo in the second quarter worth about $38,000. Finally, Headlands Technologies LLC purchased a new position in StoneCo in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.