StoneCo Ltd. (NASDAQ:STNE) has been given a consensus rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $45.33.
A number of research analysts recently weighed in on the stock. Banco Santander lowered shares of StoneCo to a “sell” rating and set a $17.00 price target on the stock. in a research report on Tuesday, November 30th. Bradesco Corretora dropped their price target on shares of StoneCo from $49.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, November 22nd. Itau BBA Securities lowered shares of StoneCo from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 16th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and dropped their price target for the company from $47.00 to $21.00 in a research report on Tuesday, January 4th. Finally, Credit Suisse Group lowered shares of StoneCo from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $100.00 to $22.00 in a research report on Wednesday, December 22nd.
StoneCo stock opened at $16.12 on Friday. StoneCo has a 1-year low of $14.02 and a 1-year high of $95.12. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -89.56 and a beta of 2.37. The firm’s fifty day moving average price is $20.14 and its two-hundred day moving average price is $39.08. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21.
StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Tuesday, November 16th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.34. StoneCo had a negative net margin of 7.57% and a negative return on equity of 1.98%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. On average, research analysts forecast that StoneCo will post 0.47 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its position in StoneCo by 26.0% during the second quarter. Morgan Stanley now owns 1,755,546 shares of the company’s stock valued at $117,728,000 after purchasing an additional 361,765 shares during the last quarter. Old Well Partners LLC lifted its position in StoneCo by 14.0% during the second quarter. Old Well Partners LLC now owns 114,194 shares of the company’s stock valued at $7,658,000 after purchasing an additional 14,000 shares during the last quarter. Bank of Montreal Can lifted its position in StoneCo by 231.0% during the second quarter. Bank of Montreal Can now owns 11,782 shares of the company’s stock valued at $996,000 after purchasing an additional 8,222 shares during the last quarter. Putnam Investments LLC lifted its position in StoneCo by 27.7% during the second quarter. Putnam Investments LLC now owns 421,387 shares of the company’s stock valued at $28,258,000 after purchasing an additional 91,520 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of StoneCo by 253.8% in the 3rd quarter. Deutsche Bank AG now owns 527,156 shares of the company’s stock worth $18,302,000 after acquiring an additional 378,171 shares during the last quarter. Institutional investors and hedge funds own 60.43% of the company’s stock.
About StoneCo
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. The firm offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.