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

StoneCo Ltd. (NASDAQ:STNE) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.38.

Several analysts have weighed in on the company. Barclays cut their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Citigroup restated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. Finally, Susquehanna decreased their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th.

Institutional Trading of StoneCo

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after purchasing an additional 1,210,817 shares during the period. State Street Corp increased its holdings in shares of StoneCo by 51.0% in the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of StoneCo in the third quarter worth approximately $9,091,000. Barclays PLC boosted its holdings in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after purchasing an additional 277,963 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of StoneCo during the 3rd quarter valued at $716,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Trading Up 1.3 %

StoneCo stock opened at $9.57 on Friday. StoneCo has a 52-week low of $7.72 and a 52-week high of $18.19. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.37 and a beta of 2.25. The firm has a 50-day moving average price of $8.62 and a two-hundred day moving average price of $10.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

StoneCo Company Profile

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.