14,732 Shares in StoneCo Ltd. (NASDAQ:STNE) Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. bought a new stake in StoneCo Ltd. (NASDAQ:STNE) during the 4th quarter, Holdings Channel.com reports. The firm bought 14,732 shares of the company’s stock, valued at approximately $266,000.

Other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in StoneCo during the fourth quarter worth about $26,000. USA Financial Formulas acquired a new stake in StoneCo in the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in StoneCo in the fourth quarter valued at $56,000. Tucker Asset Management LLC acquired a new position in shares of StoneCo during the 3rd quarter worth about $60,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of StoneCo during the 3rd quarter worth about $101,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on STNE shares. Citigroup lifted their price target on StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Susquehanna decreased their target price on StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, April 19th. UBS Group cut StoneCo from a “buy” rating to a “neutral” rating and increased their price target for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Barclays reduced their price objective on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.90.

StoneCo Price Performance

STNE stock opened at $14.29 on Friday. StoneCo Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.52 and a beta of 2.39. The business’s fifty day moving average price is $16.04 and its two-hundred day moving average price is $16.35.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The business had revenue of $655.87 million for the quarter, compared to the consensus estimate of $468.47 million. On average, equities analysts anticipate that StoneCo Ltd. will post 1.28 earnings per share for the current year.

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.