Silvio Jose Morais Sells 21,000 Shares of StoneCo (NASDAQ:STNE) Stock

StoneCo Ltd. (NASDAQ:STNE) Director Silvio Morais sold 21,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Silvio Jose Morais also recently made the following trade(s):

• On Friday, June 12th, Silvio Morais sold 9,000 shares of StoneCo stock. The stock was sold at an average price of $11.29, for a total transaction of $101,610.00.

StoneCo Stock Performance

Shares of StoneCo stock opened at $10.10 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.84. StoneCo Ltd. has a twelve month low of $9.08 and a twelve month high of $19.95. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 4.08, a P/E/G ratio of 0.27 and a beta of 1.75. The company’s fifty day moving average is $10.45 and its 200 day moving average is $11.87.

StoneCo (NASDAQ:STNE) last announced its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $129.73 million during the quarter, compared to analyst estimates of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. Sell-side analysts forecast that StoneCo Ltd. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Bank of America cut shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Wednesday, July 15th. UBS Group lowered their price objective on StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Weiss Ratings downgraded StoneCo from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group started coverage on StoneCo in a research note on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective on the stock. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, StoneCo currently has a consensus rating of “Hold” and a consensus price target of $14.30.

Hedge Funds Weigh In On StoneCo

Institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its position in StoneCo by 4.6% in the 4th quarter. Neuberger Berman Group LLC now owns 16,959 shares of the company’s stock valued at $251,000 after acquiring an additional 741 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in StoneCo by 74.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock worth $33,000 after buying an additional 936 shares in the last quarter. Versant Capital Management Inc raised its position in StoneCo by 54.4% in the 2nd quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock valued at $33,000 after buying an additional 1,068 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in StoneCo by 77.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,705 shares of the company’s stock valued at $38,000 after acquiring an additional 1,180 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in StoneCo by 10.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,027 shares of the company’s stock valued at $193,000 after acquiring an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

About StoneCo

StoneCo Ltd. is a financial technology company serving businesses and consumers in Brazil. Through its Stone and Ton brands, the company provides electronic payment processing and point-of-sale solutions, including card acceptance, digital payments, payment links and related tools for merchants of varying sizes.

StoneCo also offers financial services designed to support small and medium-sized businesses, such as digital banking, working-capital products and other business management tools.