StoneCo (NASDAQ:STNE) Hits New 1-Year High – What’s Next?

StoneCo Ltd. (NASDAQ:STNE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.99 and last traded at $18.83, with a volume of 6291746 shares traded. The stock had previously closed at $18.65.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STNE. Zacks Research raised shares of StoneCo to a “strong-buy” rating in a report on Tuesday, August 12th. Santander raised shares of StoneCo from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of StoneCo from a “buy” rating to a “hold” rating in a report on Friday, June 6th. UBS Group raised their target price on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.56.

StoneCo Stock Up 1.0%

The business’s 50 day moving average is $15.25 and its 200 day moving average is $13.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of -26.90, a price-to-earnings-growth ratio of 0.40 and a beta of 1.91.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The firm had revenue of $643.82 million during the quarter, compared to analyst estimates of $3.78 billion. Equities analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

A number of institutional investors have recently modified their holdings of STNE. Lazard Asset Management LLC boosted its stake in shares of StoneCo by 37.2% during the 4th quarter. Lazard Asset Management LLC now owns 52,027 shares of the company’s stock valued at $414,000 after buying an additional 14,093 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of StoneCo during the 4th quarter valued at $103,000. ProShare Advisors LLC boosted its stake in shares of StoneCo by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 80,620 shares of the company’s stock valued at $643,000 after buying an additional 26,527 shares during the period. Tidal Investments LLC boosted its stake in shares of StoneCo by 8.8% during the 4th quarter. Tidal Investments LLC now owns 54,763 shares of the company’s stock valued at $436,000 after buying an additional 4,417 shares during the period. Finally, Wexford Capital LP acquired a new stake in shares of StoneCo during the 4th quarter valued at $88,000. Institutional investors and hedge funds 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.