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

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.50.

Several equities analysts recently commented on the company. BTIG Research began coverage on StoneCo in a research note on Monday, February 9th. They issued a “buy” rating and a $22.00 price objective on the stock. Zacks Research cut StoneCo from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. UBS Group cut their price target on StoneCo from $20.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Santander downgraded shares of StoneCo from an “outperform” rating to a “neutral” rating in a report on Thursday, January 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in StoneCo by 11,473.3% in the 4th quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock valued at $26,000 after buying an additional 1,721 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of StoneCo in the fourth quarter valued at $28,000. Ensign Peak Advisors Inc purchased a new position in shares of StoneCo in the fourth quarter valued at $33,000. Torren Management LLC bought a new stake in shares of StoneCo during the 4th quarter valued at $35,000. Finally, Advisory Services Network LLC purchased a new stake in StoneCo during the 3rd quarter worth about $37,000. 73.19% of the stock is owned by institutional investors.

StoneCo Stock Up 4.4%

STNE opened at $17.73 on Tuesday. StoneCo has a twelve month low of $8.64 and a twelve month high of $19.95. The company’s 50-day moving average price is $15.62 and its two-hundred day moving average price is $16.53. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of -32.83, a PEG ratio of 0.31 and a beta of 1.81. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

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.