StoneCo (NASDAQ:STNE) Releases Earnings Results, Beats Expectations By $0.02 EPS

StoneCo (NASDAQ:STNE) released its quarterly earnings data on Monday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02, FiscalAI reports. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. The company had revenue of $675.42 million during the quarter, compared to the consensus estimate of $704.26 million.

StoneCo Price Performance

STNE traded up $0.23 on Monday, reaching $17.03. The company had a trading volume of 8,005,619 shares, compared to its average volume of 5,253,441. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.43. StoneCo has a 52-week low of $8.64 and a 52-week high of $19.95. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -31.54, a P/E/G ratio of 0.30 and a beta of 1.81. The business has a 50 day simple moving average of $15.84 and a 200 day simple moving average of $16.63.

Analyst Ratings Changes

A number of equities analysts have recently commented on STNE shares. Zacks Research lowered StoneCo from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. The Goldman Sachs Group cut their target price on StoneCo from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. BTIG Research began coverage on StoneCo in a report on Monday, February 9th. They set a “buy” rating and a $22.00 target price for the company. UBS Group lowered their price target on shares of StoneCo from $20.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Santander cut shares of StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 29th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of STNE. Kestra Advisory Services LLC purchased a new stake in StoneCo during the 4th quarter valued at about $28,000. Advisory Services Network LLC bought a new stake in StoneCo in the third quarter valued at approximately $37,000. Ensign Peak Advisors Inc purchased a new stake in StoneCo in the fourth quarter worth $33,000. Quadrant Capital Group LLC purchased a new stake in shares of StoneCo in the 3rd quarter worth about $87,000. Finally, Strs Ohio bought a new position in shares of StoneCo in the 1st quarter worth about $70,000. 73.19% of the stock is owned by institutional investors.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.