StoneCo Ltd. (NASDAQ:STNE) Stock Now Rated “Hold” by Sell-Side Analysts

StoneCo Ltd. (NASDAQ:STNE) has earned an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.30.

A number of research analysts have weighed in on STNE shares. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of StoneCo in a research report on Monday, September 14th. UBS Group cut their target price on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Finally, Jefferies Financial Group assumed coverage on shares of StoneCo in a report on Thursday, July 23rd. They set a “hold” rating and a $12.60 target price on the stock.

StoneCo Stock Performance

Shares of NASDAQ:STNE opened at $11.62 on Wednesday. The business has a 50-day moving average of $10.01 and a two-hundred day moving average of $11.23. The firm has a market capitalization of $2.89 billion, a PE ratio of 4.69, a P/E/G ratio of 0.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.26 and a quick ratio of 1.26. StoneCo has a 12 month low of $8.95 and a 12 month high of $19.64.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $129.73 million for 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%. As a group, research analysts forecast that StoneCo will post 2.23 earnings per share for the current year.

Insider Buying and Selling

In other StoneCo news, Director Silvio Morais sold 21,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total transaction of $208,110.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On StoneCo

A number of large investors have recently modified their holdings of STNE. Rockefeller Capital Management L.P. boosted 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 increased its holdings in shares of StoneCo by 54.4% in the second 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 during the last quarter. Handelsbanken Fonder AB lifted its position in shares of StoneCo by 3.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 43,097 shares of the company’s stock valued at $467,000 after acquiring an additional 1,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of StoneCo by 13.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,640 shares of the company’s stock worth $178,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Company Profile

StoneCo Ltd. is a Brazilian financial technology company that provides payment processing, banking and business-management solutions to entrepreneurs and small and medium-sized businesses. Its services are designed to help merchants accept electronic payments, manage cash flow and operate their businesses through integrated digital tools.

The company’s offerings include point-of-sale and mobile payment solutions, online payment processing, digital banking services, working-capital and credit products, and software for retail and other business operations.