Analysts Set StoneCo Ltd. (NASDAQ:STNE) PT at $16.13

Shares of StoneCo Ltd. (NASDAQ:STNE) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.75.

STNE has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Citigroup restated a “neutral” rating and set a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Barclays reduced their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th.

StoneCo Trading Up 1.7 %

Shares of StoneCo stock opened at $8.56 on Monday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.30 and a beta of 2.23. StoneCo has a 52-week low of $7.72 and a 52-week high of $19.46. The company’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $11.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its stake in StoneCo by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 432,880 shares of the company’s stock valued at $5,190,000 after purchasing an additional 5,691 shares during the last quarter. American Century Companies Inc. acquired a new stake in StoneCo in the 2nd quarter worth about $23,483,000. Financial Perspectives Inc increased its position in StoneCo by 8.4% during the second quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock worth $168,000 after purchasing an additional 1,083 shares during the last quarter. Quantbot Technologies LP purchased a new stake in StoneCo during the second quarter valued at about $3,435,000. Finally, Fourth Sail Capital LP acquired a new stake in StoneCo during the second quarter worth about $21,323,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

StoneCo Company Profile

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.