Brokerages Set StoneCo Ltd. (NASDAQ:STNE) Target Price at $14.38

Shares of StoneCo Ltd. (NASDAQ:STNE) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.38.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. 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. Susquehanna decreased their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Citigroup restated a “neutral” rating and set a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, Barclays decreased their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On StoneCo

Several institutional investors and hedge funds have recently modified their holdings of STNE. Jones Financial Companies Lllp boosted its position in StoneCo by 254.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock worth $34,000 after acquiring an additional 3,056 shares during the last quarter. Sterling Capital Management LLC boosted its position in StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company’s stock worth $36,000 after acquiring an additional 3,925 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after acquiring an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in StoneCo during the 4th quarter worth approximately $56,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in StoneCo by 31.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company’s stock worth $59,000 after acquiring an additional 1,800 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Price Performance

StoneCo stock opened at $9.71 on Tuesday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 7.59, a PEG ratio of 0.41 and a beta of 2.33. StoneCo has a 1 year low of $7.72 and a 1 year high of $17.93. The business has a 50-day moving average of $8.96 and a 200-day moving average of $10.19. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47.

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.