StoneCo Ltd. (NASDAQ:STNE) Receives $16.13 Consensus PT from Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.13.

Several research analysts have weighed in on STNE shares. JPMorgan Chase & Co. dropped their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays dropped their price target on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Susquehanna dropped their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th.

StoneCo Price Performance

Shares of STNE opened at $8.74 on Monday. The business’s 50-day moving average is $9.17 and its 200-day moving average is $11.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.35 and a beta of 2.23. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $19.46.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STNE. Financial Perspectives Inc grew its holdings in StoneCo by 8.4% during the second quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock valued at $168,000 after purchasing an additional 1,083 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in StoneCo by 9.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after buying an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in StoneCo by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after acquiring an additional 1,848 shares during the period. Atria Investments Inc lifted 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 acquiring an additional 3,241 shares during the last quarter. Finally, Koa Wealth Management LLC boosted its holdings in StoneCo by 2.1% during the third quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock valued at $1,810,000 after acquiring an additional 3,289 shares during the period. 73.19% of the stock is owned by institutional investors.

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.