StoneCo Ltd. (NASDAQ:STNE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.2143.

A number of brokerages have commented on STNE. Weiss Ratings reissued a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group boosted their price target on shares of StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Zacks Research downgraded shares of StoneCo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Bank of America raised their price objective on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th.

StoneCo Price Performance

Shares of STNE opened at $14.83 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. StoneCo has a twelve month low of $7.72 and a twelve month high of $19.95. The stock has a market capitalization of $4.24 billion, a P/E ratio of -27.46, a P/E/G ratio of 0.30 and a beta of 1.85. The company has a 50 day moving average of $16.51 and a 200-day moving average of $16.20.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $669.49 million during the quarter, compared to the consensus estimate of $669.81 million. StoneCo had a negative net margin of 7.28% and a positive return on equity of 20.18%. As a group, equities research analysts forecast that StoneCo will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Large investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new position in StoneCo during the second quarter worth about $29,000. Advisory Services Network LLC bought a new position in shares of StoneCo during the 3rd quarter worth approximately $37,000. Farther Finance Advisors LLC boosted its stake in shares of StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the last quarter. USA Financial Formulas bought a new position in shares of StoneCo in the third quarter valued at approximately $55,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of StoneCo during the third quarter valued at approximately $55,000. 73.19% of the stock is currently owned by institutional investors.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.