StoneCo (NASDAQ:STNE) Price Target Raised to $12.00

StoneCo (NASDAQ:STNE) had its target price raised by stock analysts at Barclays from $10.00 to $12.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 7.49% from the company’s current price.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Morgan Stanley increased their target price on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday. Wells Fargo & Company upgraded shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Finally, Citigroup restated a “neutral” rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Trading Down 0.1 %

Shares of NASDAQ:STNE traded down $0.02 during midday trading on Friday, reaching $11.16. The company’s stock had a trading volume of 4,270,637 shares, compared to its average volume of 5,431,958. The firm has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $9.98. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.41 and a beta of 2.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $3.59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. As a group, analysts forecast that StoneCo will post 1.16 earnings per share for the current year.

Hedge Funds Weigh In On StoneCo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in StoneCo by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company’s stock worth $168,000 after acquiring an additional 1,205 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of StoneCo by 31.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after purchasing an additional 1,800 shares during the period. Aviva PLC lifted its stake in StoneCo by 1.1% in the fourth quarter. Aviva PLC now owns 176,900 shares of the company’s stock valued at $1,410,000 after purchasing an additional 2,000 shares during the last quarter. Xponance Inc. grew its holdings in StoneCo by 10.9% during the fourth quarter. Xponance Inc. now owns 20,781 shares of the company’s stock valued at $166,000 after purchasing an additional 2,044 shares during the period. Finally, Prudential PLC increased its position in StoneCo by 21.4% in the fourth quarter. Prudential PLC now owns 15,051 shares of the company’s stock worth $120,000 after buying an additional 2,656 shares during the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

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.