Brokerages Set StoneCo Ltd. (NASDAQ:STNE) PT at $19.56

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.56.

Several equities research analysts have issued reports on STNE shares. Evercore ISI decreased their price objective on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Susquehanna decreased their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group decreased their price objective on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays decreased their target price on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, May 20th. Finally, Citigroup upped their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STNE. Charles Schwab Investment Management Inc. boosted its stake in StoneCo by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,147,544 shares of the company’s stock valued at $12,244,000 after acquiring an additional 24,598 shares during the last quarter. Rhumbline Advisers boosted its stake in StoneCo by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 414,216 shares of the company’s stock valued at $4,420,000 after acquiring an additional 4,265 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in StoneCo by 42.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,869 shares of the company’s stock valued at $105,000 after acquiring an additional 2,940 shares during the last quarter. Hsbc Holdings PLC boosted its stake in StoneCo by 74.9% during the 3rd quarter. Hsbc Holdings PLC now owns 50,113 shares of the company’s stock valued at $533,000 after acquiring an additional 21,467 shares during the last quarter. Finally, Mariner LLC boosted its stake in StoneCo by 7.4% during the 3rd quarter. Mariner LLC now owns 50,340 shares of the company’s stock valued at $537,000 after acquiring an additional 3,471 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

StoneCo Stock Performance

Shares of STNE stock opened at $11.99 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. StoneCo has a one year low of $9.34 and a one year high of $19.46. The company has a 50 day moving average price of $14.23 and a 200 day moving average price of $16.08. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.32 and a beta of 2.36.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The company had revenue of $623.12 million during the quarter, compared to the consensus estimate of $633.35 million. Sell-side analysts anticipate that StoneCo will post 1.43 EPS for the current year.

About StoneCo

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.