StoneCo Ltd. (NASDAQ:STNE) Given Consensus Recommendation of “Hold” by Analysts

Shares of StoneCo Ltd. (NASDAQ:STNE) have earned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.9286.

A number of brokerages recently weighed in on STNE. The Goldman Sachs Group set a $19.00 price objective on shares of StoneCo in a research report on Tuesday. Zacks Research cut StoneCo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen downgraded StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research report on Thursday, January 22nd.

Institutional Trading of StoneCo

Several hedge funds have recently bought and sold shares of STNE. Tekne Capital Management LLC acquired a new position in shares of StoneCo during the 2nd quarter valued at $35,288,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in StoneCo during the second quarter worth about $574,000. Ninety One UK Ltd grew its holdings in StoneCo by 218.4% during the third quarter. Ninety One UK Ltd now owns 4,234,251 shares of the company’s stock worth $80,070,000 after acquiring an additional 2,904,432 shares during the period. Fox Run Management L.L.C. lifted its holdings in StoneCo by 72.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 51,420 shares of the company’s stock valued at $825,000 after acquiring an additional 21,604 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in StoneCo in the 2nd quarter valued at about $9,825,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Price Performance

Shares of NASDAQ STNE opened at $16.59 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -30.72, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. StoneCo has a twelve month low of $8.64 and a twelve month high of $19.95. The business has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $16.13.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm 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 expect that StoneCo will post 1.16 earnings per share for the current year.

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.