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

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.13.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Barclays reduced their price objective 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 shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Susquehanna dropped their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STNE. Marshall Wace LLP lifted its stake in StoneCo by 204.1% during the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after purchasing an additional 5,195,787 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of StoneCo by 36.2% in the third quarter. Point72 Asset Management L.P. now owns 11,422,475 shares of the company’s stock worth $128,617,000 after buying an additional 3,035,530 shares during the period. Truxt Investmentos Ltda. purchased a new position in StoneCo during the 3rd quarter valued at about $31,695,000. State Street Corp grew its position in StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of StoneCo by 2,445.5% in the second quarter. Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock worth $27,151,000 after acquiring an additional 2,197,495 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.

StoneCo Price Performance

Shares of StoneCo stock opened at $7.85 on Monday. 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 twelve month low of $7.73 and a twelve month high of $19.46. The stock has a market capitalization of $2.43 billion, a P/E ratio of 6.13, a PEG ratio of 0.35 and a beta of 2.23. The business’s fifty day moving average price is $9.29 and its 200 day moving average price is $11.25.

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.