StoneCo (NASDAQ:STNE) Upgraded at UBS Group

UBS Group upgraded shares of StoneCo (NASDAQ:STNE) from a neutral rating to a buy rating in a research note published on Monday, MarketBeat reports. UBS Group currently has $17.00 price objective on the stock, down from their previous price objective of $21.00.

Other analysts also recently issued research reports about the company. Susquehanna dropped their price target on StoneCo from $23.00 to $22.00 and set a positive rating on the stock in a research note on Friday, April 19th. The Goldman Sachs Group decreased their price objective on StoneCo from $21.00 to $15.00 and set a buy rating for the company in a report on Wednesday, June 26th. JPMorgan Chase & Co. upgraded StoneCo from a neutral rating to an overweight rating and set a $20.00 price objective for the company in a report on Thursday, June 6th. Evercore ISI decreased their price objective on StoneCo from $25.00 to $23.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, Citigroup raised their price objective on StoneCo from $19.00 to $20.00 and gave the company a buy rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, StoneCo presently has a consensus rating of Moderate Buy and a consensus price target of $19.11.

StoneCo Stock Performance

STNE opened at $13.21 on Monday. The business’s 50-day moving average price is $13.69 and its two-hundred day moving average price is $15.80. StoneCo has a 1 year low of $9.34 and a 1 year high of $19.46. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.33 and a beta of 2.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, May 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. The firm had revenue of $623.12 million for the quarter, compared to the consensus estimate of $633.35 million. Equities analysts expect that StoneCo will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On StoneCo

A number of institutional investors have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $26,000. USA Financial Formulas acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new stake in shares of StoneCo in the first quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new stake in shares of StoneCo in the fourth quarter valued at approximately $56,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after buying an additional 2,110 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

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.