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.
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
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.
- Get a free copy of the StockNews.com research report on StoneCo (STNE)
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