2 weeks Ago By Defense World Staff
StoneCo (NASDAQ:STNE – Get Free Report) had its price objective increased by Barclays from $12.00 to $13.00 in a research note issued on Wednesday,Benzinga reports.
The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 3.20% from the stock’s current price.
STNE has been the topic of several other reports. Morgan Stanley increased their price objective on shares of StoneCo from $5.70 to $6.
00 and gave the company an “underweight” rating in a report on Friday, March 21st. Citigroup raised shares of StoneCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $15.
00 in a research note on Tuesday. The Goldman Sachs Group cut their price objective on StoneCo from $16.00 to $14.
00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised StoneCo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.38.Check Out Our Latest Report on StoneCoStoneCo Trading Up 3.
1 %STNE stock opened at $13.43 on Wednesday. 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 has a 52-week low of $7.72 and a 52-week high of $17.09.
The company’s 50-day simple moving average is $10.66 and its 200-day simple moving average is $9.95.
The firm has a market cap of $4.15 billion, a P/E ratio of 10.49, a PEG ratio of 0.
41 and a beta of 2.05. StoneCo (NASDAQ:STNE – Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th.
The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.
07. The company had revenue of $582.20 million for the quarter, compared to analyst estimates of $3.
59 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.
02%. As a group, equities analysts forecast that StoneCo will post 1.16 EPS for the current fiscal year.
Institutional Trading of StoneCoA number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of StoneCo by 1,486.3% in the first quarter.
GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after purchasing an additional 2,720 shares during the period. Jones Financial Companies Lllp grew its stake in shares of StoneCo by 254.7% in the 4th quarter.
Jones Financial Companies Lllp now owns 4,256 shares of the company’s stock valued at $34,000 after buying an additional 3,056 shares during the period. Sterling Capital Management LLC grew its stake in shares of StoneCo by 627.0% in the 4th quarter.
Sterling Capital Management LLC now owns 4,551 shares of the company’s stock valued at $36,000 after buying an additional 3,925 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of StoneCo by 143.
0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock worth $48,000 after buying an additional 2,715 shares during the last quarter.
Finally, Newbridge Financial Services Group Inc. raised its position in shares of StoneCo by 166.7% during the 4th quarter.
Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after buying an additional 4,000 shares during the period. 73.
19% of the stock is owned by institutional investors and hedge funds. StoneCo Company Profile (Get Free Report)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.Read MoreFive stocks we like better than StoneCoInvesting in Commodities: What Are They? How to Invest in Them2 Strong Utilities Plays With Booming Earnings and Room to GrowInsider Buying Explained: What Investors Need to KnowWhy Smart Investors Don’t Panic in Election SeasonWhy Are Stock Sectors Important to Successful Investing?Now Is the Time to Buy ServiceNow—The Rebound Is Real.
