StoneCo Ltd. (NASDAQ:STNE) Given Consensus Rating of “Moderate Buy” by Analysts

StoneCo Ltd. (NASDAQ:STNE) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.89.

STNE has been the subject of a number of research reports. UBS Group upped their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Susquehanna reduced their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays lowered their target price on StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th.

StoneCo Stock Down 2.7 %

NASDAQ STNE opened at $10.41 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a 12 month low of $9.06 and a 12 month high of $19.46. The stock’s 50 day moving average is $10.95 and its 200 day moving average is $12.35. The stock has a market cap of $3.22 billion, a PE ratio of 8.13, a P/E/G ratio of 0.38 and a beta of 2.29.

Institutional Investors Weigh In On StoneCo

Institutional investors have recently made changes to their positions in the company. Synovus Financial Corp raised its position in StoneCo by 100.0% in the 3rd quarter. Synovus Financial Corp now owns 29,228 shares of the company’s stock worth $329,000 after purchasing an additional 14,614 shares during the period. Tidal Investments LLC bought a new position in shares of StoneCo during the third quarter valued at approximately $567,000. Sanctuary Advisors LLC purchased a new stake in shares of StoneCo in the third quarter worth approximately $156,000. Invst LLC lifted its stake in shares of StoneCo by 43.1% during the 3rd quarter. Invst LLC now owns 32,759 shares of the company’s stock worth $369,000 after acquiring an additional 9,867 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in StoneCo by 36.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,190,344 shares of the company’s stock valued at $58,302,000 after acquiring an additional 1,374,788 shares during the period. 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.