2 weeks Ago By ABMN Staff
StoneCo ( NASDAQ:STNE – Get Free Report ) had its price target increased by Barclays from $12.00 to $13.00 in a report released on Wednesday, Benzinga reports.
The firm presently has an “equal weight” rating on the stock. Barclays ‘s price objective would indicate a potential downside of 3.20% from the company’s previous close.
STNE has been the subject of a number of other reports. Citigroup upgraded StoneCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.00 to $15.
00 in a report on Tuesday. Morgan Stanley raised their price objective on shares of StoneCo from $5.70 to $6.
00 and gave the company an “underweight” rating in a research note on Friday, March 21st. Wells Fargo & Company raised shares of StoneCo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group reduced their target price on shares of StoneCo from $16.
00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, StoneCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.
Get Our Latest Report on StoneCo StoneCo Price Performance StoneCo ( NASDAQ:STNE – Get Free Report ) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.
32 by $0.07. StoneCo had a return on equity of 13.
92% and a net margin of 16.02%. The company had revenue of $582.
20 million for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, analysts forecast that StoneCo will post 1.
16 EPS for the current year. Institutional Investors Weigh In On StoneCo Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in shares of StoneCo by 6.
1% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,082 shares of the company’s stock worth $168,000 after purchasing an additional 1,205 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of 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 in the last quarter. Aviva PLC boosted its position in shares of StoneCo by 1.
1% during the 4th quarter. Aviva PLC now owns 176,900 shares of the company’s stock worth $1,410,000 after acquiring an additional 2,000 shares in the last quarter. Xponance Inc.
increased its holdings in shares of StoneCo by 10.9% in the 4th quarter. Xponance Inc.
now owns 20,781 shares of the company’s stock valued at $166,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Prudential PLC raised its position in shares of StoneCo by 21.4% during the 4th quarter.
Prudential PLC now owns 15,051 shares of the company’s stock worth $120,000 after acquiring an additional 2,656 shares in the last quarter. 73.19% of the stock is currently 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.
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