StoneCo (NASDAQ:STNE) Stock Price Expected to Rise, Barclays Analyst Says

StoneCo (NASDAQ:STNE) had its price target lifted by Barclays from $10.00 to $12.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

STNE has been the topic of several other research reports. The Goldman Sachs Group cut their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup reissued a “neutral” rating and issued a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Morgan Stanley boosted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a research report on Friday. Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Stock Down 0.7 %

Shares of NASDAQ:STNE opened at $11.10 on Friday. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.41 and a beta of 2.33. 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 has a 12-month low of $7.72 and a 12-month high of $17.93. The business’s 50 day moving average is $9.36 and its 200 day moving average is $9.92.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The business had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion. On average, sell-side analysts forecast that StoneCo will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. raised its stake in shares of StoneCo by 22.2% during the 4th quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company’s stock valued at $111,234,000 after purchasing an additional 2,534,079 shares during the period. Squadra Investments Gestao DE Recursos LTDA. raised its stake in shares of StoneCo by 46.8% during the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company’s stock valued at $111,191,000 after purchasing an additional 4,446,709 shares during the period. Atmos Capital Gestao DE Recursos LTDA. raised its stake in shares of StoneCo by 23.0% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,623,836 shares of the company’s stock valued at $92,642,000 after purchasing an additional 2,173,389 shares during the period. State Street Corp raised its stake in shares of StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of StoneCo by 40.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company’s stock valued at $55,739,000 after purchasing an additional 2,008,710 shares during the period. 73.19% of the stock is currently owned by institutional investors.

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.