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

Shares of StoneCo Ltd. (NASDAQ:STNE) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.38.

Several analysts recently weighed in on STNE shares. The Goldman Sachs Group lowered their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. 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. Citigroup reaffirmed a “neutral” rating and issued a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Barclays decreased their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th.

StoneCo Trading Up 1.5 %

STNE opened at $9.37 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 7.32, a P/E/G ratio of 0.37 and a beta of 2.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo has a 12-month low of $7.72 and a 12-month high of $17.93. The firm’s fifty day moving average price is $8.62 and its 200 day moving average price is $10.61.

Institutional Trading of StoneCo

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in StoneCo by 254.7% in the 4th 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. Sterling Capital Management LLC boosted its position in shares of StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after buying an additional 3,925 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in StoneCo in the 4th quarter valued at approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock valued at $59,000 after acquiring an additional 1,800 shares during the period. 73.19% of the stock is currently owned by institutional investors.

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.