Brokerages Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $16.13

Shares of StoneCo Ltd. (NASDAQ:STNE) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.75.

A number of equities research analysts recently issued reports on STNE shares. Barclays dropped their price objective on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Citigroup reiterated a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a report on Thursday. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Susquehanna decreased their price target on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th.

StoneCo Stock Performance

STNE opened at $8.56 on Monday. StoneCo has a twelve month low of $7.72 and a twelve month high of $19.46. The firm has a market capitalization of $2.64 billion, a PE ratio of 6.69, a PEG ratio of 0.30 and a beta of 2.23. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $11.14.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in StoneCo in the third quarter valued at $125,000. Point72 Hong Kong Ltd purchased a new stake in StoneCo during the 2nd quarter valued at approximately $135,000. Covestor Ltd lifted its position in StoneCo by 40.9% during the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after acquiring an additional 3,878 shares during the period. Financial Perspectives Inc grew its stake in shares of StoneCo by 8.4% in the 2nd quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock valued at $168,000 after purchasing an additional 1,083 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of StoneCo in the 3rd quarter valued at approximately $167,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.