Barclays Boosts StoneCo (NASDAQ:STNE) Price Target to $12.00

StoneCo (NASDAQ:STNE) had its price objective hoisted by Barclays from $10.00 to $12.00 in a report released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lifted their price objective on StoneCo from $5.70 to $6.00 and gave the stock an “underweight” rating in a report on Friday. The Goldman Sachs Group reduced 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. Wells Fargo & Company upgraded StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Citigroup reissued 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

StoneCo Price Performance

Shares of NASDAQ:STNE opened at $11.10 on Friday. StoneCo has a 1-year low of $7.72 and a 1-year high of $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $9.36 and a 200-day moving average price of $9.96. The company has a market capitalization of $3.43 billion, a PE ratio of 8.67, a PEG ratio of 0.41 and a beta of 2.33.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STNE. Atria Investments Inc lifted its position in shares of StoneCo by 19.0% during the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after buying an additional 3,241 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock valued at $224,000 after buying an additional 1,773 shares in the last quarter. Swiss National Bank purchased a new position in shares of StoneCo during the 3rd quarter valued at about $6,419,000. Intech Investment Management LLC purchased a new position in shares of StoneCo during the 3rd quarter valued at about $1,154,000. Finally, Citigroup Inc. lifted its position in shares of StoneCo by 584.9% during the 3rd quarter. Citigroup Inc. now owns 1,339,972 shares of the company’s stock valued at $15,088,000 after buying an additional 1,144,341 shares in the last quarter. 73.19% of the stock is owned by hedge funds and other institutional investors.

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.