Stocks of StoneCo Ltd. (NASDAQ:STNE) traded higher last session on Wall Street, down -0.57% to $14.02.
According to the data, StoneCo Ltd. (NASDAQ:STNE) has 21 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $86.38 and a low of $31.85, we find $65.51. Given the previous closing price of $14.10, this indicates a potential upside of 364.61 percent. STNE stock price is now 31.14% away from the 50-day moving average and 36.71% away from the 200-day moving average. The market capitalization of the company currently stands at $4.43B.
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A total of 14 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $64.11 as their price target over the next twelve months.
With the price target of $13, Barclays recently initiated with Equal Weight rating for StoneCo Ltd. (NASDAQ: STNE). On December 07, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $17 to quote $15, while ‘Goldman’ rates the stock as ‘Neutral’.
A total of 1.56% 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 SPX GESTAO DE RECURSOS LTDA during the first quarter worth $60,401,000. ETF MANAGERS GROUP, LLC invested $10,814,000 in shares of STNE during the first quarter. In the first quarter, SEI INVESTMENTS CO acquired a new stake in StoneCo Ltd. valued at approximately $7,318,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in STNE for approximately $6,415,000. PATHSTONE FAMILY OFFICE, LLC purchased a new stake in STNE valued at around $5,608,000 in the second quarter. In total, there are 359 active investors with 68.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $14.03 for StoneCo Ltd. (NASDAQ: STNE). During the past 12 months, StoneCo Ltd. has had a low of $7.20 and a high of $14.41. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for STNE is $10.79 and a two-hundred day moving average price translates $10.28 for the stock.
The latest earnings results from StoneCo Ltd. (NASDAQ: STNE) was released for Dec, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.13 by 0.02. This compares to -$0.25 EPS in the same period last year. The net profit margin was -5.20% and return on equity was -4.00% for STNE. The company reported revenue of $514.32 million for the quarter, compared to $337.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.19 percent. For the current quarter, analysts expect STNE to generate $543.09M in revenue.
StoneCo Ltd.(STNE) 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. The company served approximately 2.6 million 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.
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