The price of StoneCo Ltd (NASDAQ:STNE) shares last traded on Wall Street fell -0.78% to $10.24.
Based on available information, 17 analysts follow StoneCo Ltd (NASDAQ:STNE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $106.64 and a low of $43.20, we find $72.79. Given the previous closing price of $10.32, this indicates a potential upside of 605.33 percent. STNE stock price is now -17.96% away from the 50-day moving average and -9.43% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
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Among analysts, 8 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $74.09 as their price target over the next twelve months.
With the price target enhanced from $14 to $18, UBS Upgraded its rating from Neutral to Buy for StoneCo Ltd (NASDAQ: STNE).
A total of 17.21% 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 NUCLEO CAPITAL LTDA. during the first quarter worth $57,150,000. POLUNIN CAPITAL PARTNERS LTD invested $35,671,000 in shares of STNE during the first quarter. In the first quarter, BC GESTAO DE RECURSOS LTDA. acquired a new stake in StoneCo Ltd valued at approximately $19,542,000. DISCOVERY CAPITAL MANAGEMENT, LLC / CT acquired a new stake in STNE for approximately $17,588,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in STNE valued at around $8,474,000 in the second quarter. In total, there are 362 active investors with 71.41% ownership of the company’s stock.
A candlestick chart of StoneCo Ltd (NASDAQ: STNE) showed a price of $10.38 on Wednesday morning. During the past 12 months, StoneCo Ltd has had a low of $8.09 and a high of $14.83. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 1.27, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $2.15B, which is based on a 21.23 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for STNE is $12.44 and a two-hundred day moving average price translates $11.31 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for Jun, 2023. The net profit margin was 16.98% and return on equity was 6.06% for STNE. The company reported revenue of $596.87 million for the quarter, compared to $468.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.48 percent.
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.
