StoneCo Ltd. (NASDAQ:STNE) Given Consensus Rating of “Hold” by Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE – Get Rating) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.00.

Several equities analysts have issued reports on STNE shares. Barclays assumed coverage on shares of StoneCo in a report on Thursday, May 11th. They set an “equal weight” rating and a $13.00 price objective on the stock. Susquehanna boosted their price objective on StoneCo from $17.00 to $20.00 in a research note on Thursday, May 18th. Citigroup raised their target price on StoneCo from $13.00 to $17.00 in a research report on Sunday. Evercore ISI boosted their price target on StoneCo from $16.00 to $19.00 in a research report on Thursday, May 18th. Finally, Wells Fargo & Company raised their price objective on StoneCo from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 15th.

StoneCo Trading Down 3.8 %

STNE stock opened at $13.27 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. StoneCo has a 52-week low of $7.20 and a 52-week high of $14.60. The company’s 50-day simple moving average is $11.26 and its 200-day simple moving average is $10.39. The firm has a market cap of $4.15 billion, a P/E ratio of -1,327.00, a PEG ratio of 0.47 and a beta of 2.24.

StoneCo (NASDAQ:STNE – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $514.25 million for the quarter, compared to analyst estimates of $383.41 million. StoneCo had a positive return on equity of 4.62% and a negative net margin of 0.19%. As a group, equities analysts forecast that StoneCo will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STNE. Envestnet Asset Management Inc. acquired a new position in StoneCo in the first quarter valued at approximately $122,000. Advisor Group Holdings Inc. raised its position in StoneCo by 10.1% in the first quarter. Advisor Group Holdings Inc. now owns 35,254 shares of the company’s stock valued at $417,000 after purchasing an additional 3,240 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of StoneCo by 190.2% in the 1st quarter. JPMorgan Chase & Co. now owns 882,709 shares of the company’s stock valued at $10,328,000 after purchasing an additional 578,488 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of StoneCo during the 1st quarter worth $128,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of StoneCo during the 1st quarter worth about $167,000. Institutional investors and hedge funds own 59.80% of the company’s stock.

StoneCo Company Profile

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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.