StoneCo (NASDAQ:STNE) Price Target Raised to $12.00 at Barclays

StoneCo (NASDAQ:STNE) had its target price hoisted by research analysts at Barclays from $10.00 to $12.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 8.11% from the company’s current price.

A number of other equities analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. 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 report on Thursday, February 6th. Citigroup reiterated a “neutral” rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of StoneCo from $5.70 to $6.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $11.10 on Friday. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $3.43 billion, a PE ratio of 8.67, a P/E/G ratio of 0.41 and a beta of 2.33. The business has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $9.94.

StoneCo (NASDAQ:STNE) last released its earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $582.20 million for the quarter, compared to the consensus estimate of $3.59 billion. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. As a group, equities analysts expect that StoneCo will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneCo

Hedge funds have recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in StoneCo in the 4th quarter worth $367,000. Vise Technologies Inc. purchased a new position in StoneCo in the 4th quarter worth approximately $106,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of StoneCo by 58.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,278,508 shares of the company’s stock valued at $10,190,000 after purchasing an additional 471,117 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in StoneCo by 13,279.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,813,606 shares of the company’s stock worth $14,454,000 after buying an additional 1,800,051 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of StoneCo during the 4th quarter worth $88,000. 73.19% of the stock is owned by hedge funds and other 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.