StoneCo Ltd. (NASDAQ:STNE) Receives $14.38 Average Price Target from Brokerages

StoneCo Ltd. (NASDAQ:STNE) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.38.

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday. Barclays decreased their price objective on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Susquehanna reduced their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Finally, Citigroup restated a “neutral” rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th.

StoneCo Trading Down 0.9 %

NASDAQ:STNE opened at $9.14 on Friday. The firm has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $10.68. StoneCo has a 12 month low of $7.72 and a 12 month high of $19.46. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.37 and a beta of 2.25. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

Institutional Trading of StoneCo

Several institutional investors have recently made changes to their positions in STNE. Jones Financial Companies Lllp boosted its holdings in StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after purchasing an additional 3,056 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after buying an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of StoneCo in the fourth quarter valued at approximately $56,000. KBC Group NV purchased a new stake in shares of StoneCo during the fourth quarter valued at approximately $73,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of StoneCo during the third quarter valued at approximately $125,000. Institutional investors own 73.19% of the company’s stock.

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.