The price of StoneCo Ltd. (NASDAQ:STNE) shares last traded on Wall Street fell -3.47% to $11.13.
STNE stock price is now 10.27% away from the 50-day moving average and 13.40% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50B.
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With the price target reduced from $17 to $15, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for StoneCo Ltd. (NASDAQ: STNE). On December 01, 2022, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $7.50 to quote $11, while ‘Evercore ISI’ rates the stock as ‘Outperform’.
A total of 10.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STNE stock. A new stake in StoneCo Ltd. shares was purchased by ATMOS CAPITAL GESTAO DE RECURSOS LTDA. during the first quarter worth $56,455,000. TRUXT INVESTMENTOS LTDA. invested $51,527,000 in shares of STNE during the first quarter. In the first quarter, ABRAMS BISON INVESTMENTS, LLC acquired a new stake in StoneCo Ltd. valued at approximately $50,085,000. POLUNIN CAPITAL PARTNERS LTD acquired a new stake in STNE for approximately $39,436,000. SPX GESTAO DE RECURSOS LTDA purchased a new stake in STNE valued at around $27,651,000 in the second quarter. In total, there are 380 active investors with 68.60% ownership of the company’s stock.
A candlestick chart of StoneCo Ltd. (NASDAQ: STNE) showed a price of $11.30 on Monday morning. During the past 12 months, StoneCo Ltd. has had a low of $6.81 and a high of $16.28. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for STNE is $10.09 and a two-hundred day moving average price translates $9.81 for the stock.
The latest earnings results from StoneCo Ltd. (NASDAQ: STNE) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.02 by 0.03. This compares to -$0.99 EPS in the same period last year. The net profit margin was -13.80% and return on equity was -10.70% for STNE. The company reported revenue of $478.61 million for the quarter, compared to $281.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 70.15 percent. For the current quarter, analysts expect STNE to generate $455.8M in revenue.
StoneCo Ltd.(STNE) Company Profile
StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2021, the company served approximately 1,766,100 clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands. StoneCo Ltd. operates as a subsidiary of HR Holdings, LLC.
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