The price of StoneCo Ltd (NASDAQ:STNE) shares last traded on Wall Street fell -2.68% to $9.82.
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 $51.85, we find $66.40. Given the previous closing price of $10.09, this indicates a potential upside of 558.08 percent. STNE stock price is now -11.89% away from the 50-day moving average and -13.77% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
Among analysts, 8 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $74.43 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 $54,806,000. POLUNIN CAPITAL PARTNERS LTD invested $34,208,000 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 $18,741,000. DISCOVERY CAPITAL MANAGEMENT, LLC / CT acquired a new stake in STNE for approximately $16,867,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in STNE valued at around $8,126,000 in the second quarter. In total, there are 362 active investors with 71.68% ownership of the company’s stock.
A candlestick chart of StoneCo Ltd (NASDAQ: STNE) showed a price of $9.95 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 $2.00B, which is based on a 20.36 price-to-earnings ratio, a 0.43 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for STNE is $11.07 and a two-hundred day moving average price translates $11.39 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.17 by 0.02. This compares to -$0.32 EPS in the same period last year. 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. For the current quarter, analysts expect STNE to generate $610.17M in revenue.
