Analysts Set StoneCo Ltd. (NASDAQ:STNE) PT at $52.10


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Shares of StoneCo Ltd. (NASDAQ:STNE) have earned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $52.10.

Several research firms have weighed in on STNE. Bradesco Corretora upgraded shares of StoneCo from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $42.00 to $53.00 in a report on Friday, October 30th. Zacks Investment Research lowered shares of StoneCo from a “hold” rating to a “sell” rating in a report on Tuesday, December 15th. 140166 upgraded shares of StoneCo from a “neutral” rating to a “positive” rating and boosted their target price for the company from $50.00 to $68.00 in a report on Friday, October 23rd. BidaskClub upgraded shares of StoneCo from a “buy” rating to a “strong-buy” rating in a report on Friday, September 18th. Finally, Bank of America boosted their target price on shares of StoneCo from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, November 18th.

Hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc purchased a new stake in StoneCo during the 3rd quarter worth approximately $29,000. Private Advisor Group LLC purchased a new stake in StoneCo during the 2nd quarter worth approximately $33,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in StoneCo during the 3rd quarter worth approximately $42,000. Harvest Fund Management Co. Ltd purchased a new stake in StoneCo during the 3rd quarter worth approximately $49,000. Finally, Parallel Advisors LLC increased its stake in StoneCo by 129.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,756 shares of the company’s stock worth $93,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 49.56% of the company’s stock.

Shares of NASDAQ STNE opened at $83.92 on Wednesday. StoneCo has a 12-month low of $17.72 and a 12-month high of $87.23. The stock has a market cap of $23.28 billion, a PE ratio of 135.35 and a beta of 2.28. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $75.35 and a 200 day moving average of $55.88.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.86. The company had revenue of $173.85 million for the quarter, compared to analyst estimates of $113.92 million. StoneCo had a net margin of 26.52% and a return on equity of 12.30%. On average, sell-side analysts forecast that StoneCo will post 0.53 EPS for the current fiscal year.

StoneCo Company Profile

StoneCo Ltd. provides financial technology solutions to clients 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.

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Analyst Recommendations for StoneCo (NASDAQ:STNE)

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