StoneCo Ltd. (NASDAQ:STNE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have received an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.13.

STNE has been the subject of several recent research reports. UBS Group boosted their price target on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays reduced their target price on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price target (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. grew its stake in shares of StoneCo by 3.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 276,200 shares of the company’s stock worth $3,312,000 after buying an additional 8,500 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in StoneCo by 10.5% in the second quarter. Bank of New York Mellon Corp now owns 970,355 shares of the company’s stock worth $11,635,000 after acquiring an additional 92,122 shares in the last quarter. HB Wealth Management LLC acquired a new stake in StoneCo in the 2nd quarter valued at $153,000. Principal Financial Group Inc. increased its position in shares of StoneCo by 12.3% during the second quarter. Principal Financial Group Inc. now owns 254,449 shares of the company’s stock worth $3,051,000 after acquiring an additional 27,807 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of StoneCo in the second quarter worth approximately $137,000. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Down 0.1 %

StoneCo stock opened at $8.08 on Thursday. StoneCo has a twelve month low of $7.89 and a twelve month high of $19.46. The stock has a market cap of $2.50 billion, a P/E ratio of 6.31, a P/E/G ratio of 0.35 and a beta of 2.21. The company’s 50-day moving average price is $10.05 and its two-hundred day moving average price is $11.60. 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.