StoneCo Ltd. (NASDAQ:STNE) Receives $14.38 Consensus Price Target from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.38.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Barclays cut their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Susquehanna cut their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th.

StoneCo Trading Up 2.1 %

NASDAQ STNE opened at $9.71 on Tuesday. The company has a market cap of $3.00 billion, a PE ratio of 7.59, a PEG ratio of 0.41 and a beta of 2.33. The company has a current ratio of 1.42, a quick 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 stock has a 50 day moving average of $8.96 and a 200-day moving average of $10.19.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STNE. Creative Planning increased its position in StoneCo by 224.9% during the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after buying an additional 45,218 shares during the period. National Pension Service bought a new position in StoneCo during the 3rd quarter worth $915,000. Asset Management One Co. Ltd. increased its position in StoneCo by 681.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 33,964 shares of the company’s stock worth $382,000 after buying an additional 29,620 shares during the period. Gulf International Bank UK Ltd bought a new position in StoneCo during the 3rd quarter worth $210,000. Finally, Atria Investments Inc increased its position in StoneCo by 19.0% during the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock worth $228,000 after buying an additional 3,241 shares during the period. Institutional investors own 73.19% of the company’s stock.

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.