StoneCo Ltd. (NASDAQ:STNE) Given Average Rating of “Hold” by Analysts

StoneCo Ltd. (NASDAQ:STNE) has been assigned an average rating of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.50.

STNE has been the topic of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a research note on Thursday, January 22nd. Santander downgraded shares of StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 29th. Wall Street Zen lowered StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group reduced their price objective on StoneCo from $20.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, BTIG Research initiated coverage on StoneCo in a research report on Monday, February 9th. They issued a “buy” rating and a $22.00 target price on the stock.

StoneCo Price Performance

Shares of STNE opened at $16.86 on Tuesday. The business’s 50-day moving average is $15.47 and its 200-day moving average is $16.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -31.22, a P/E/G ratio of 0.30 and a beta of 1.81. StoneCo has a fifty-two week low of $8.64 and a fifty-two week high of $19.95.

Institutional Trading of StoneCo

A number of institutional investors have recently added to or reduced their stakes in STNE. Blue Trust Inc. increased its stake in shares of StoneCo by 11,473.3% during the 4th quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock worth $26,000 after purchasing an additional 1,721 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in StoneCo in the fourth quarter worth $28,000. Ensign Peak Advisors Inc bought a new stake in StoneCo in the fourth quarter worth $33,000. Torren Management LLC acquired a new position in StoneCo during the fourth quarter worth $35,000. Finally, Advisory Services Network LLC bought a new position in StoneCo during the third quarter valued at about $37,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Company Profile

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.