StoneCo (NASDAQ:STNE) Stock Rating Upgraded by Cantor Fitzgerald

StoneCo (NASDAQ:STNE) was upgraded by investment analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Thursday, Zacks.com reports.

A number of other research firms have also weighed in on STNE. Evercore ISI lowered their price objective on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. The Goldman Sachs Group lowered their price target on shares of StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Barclays decreased their target price on shares of StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, UBS Group raised their price target on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.80.

StoneCo Trading Up 3.2 %

STNE stock opened at $11.33 on Thursday. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The business’s 50-day moving average is $12.57 and its 200 day moving average is $13.86. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.41 and a beta of 2.31.

StoneCo (NASDAQ:STNE) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). StoneCo had a net margin of 15.27% and a return on equity of 13.21%. The business had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. On average, sell-side analysts anticipate that StoneCo will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STNE. Quadrature Capital Ltd acquired a new stake in shares of StoneCo during the fourth quarter worth about $2,008,000. Lord Abbett & CO. LLC acquired a new stake in StoneCo during the 1st quarter worth approximately $33,139,000. Vanguard Group Inc. lifted its holdings in StoneCo by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock worth $43,794,000 after buying an additional 88,256 shares in the last quarter. Point72 Asset Management L.P. boosted its position in StoneCo by 10.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 8,386,945 shares of the company’s stock valued at $100,559,000 after buying an additional 779,445 shares during the period. Finally, Point72 DIFC Ltd grew its stake in shares of StoneCo by 123.4% in the second quarter. Point72 DIFC Ltd now owns 251,993 shares of the company’s stock worth $3,021,000 after acquiring an additional 139,182 shares in the last quarter. 73.19% of the stock is currently 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.