Key Points
- StoneCo director Silvio Jose Morais sold 9,000 shares on June 12 at an average price of $11.29, totaling about $101,610. After the sale, he still held 21,000 shares, a 30% reduction in his stake.
- StoneCo’s shares were trading near $10.99 when the article was published, below both its 50-day moving average of $12.03 and 200-day moving average of $14.14. The stock has ranged from a 1-year low of $9.45 to a high of $19.95.
- Wall Street remains cautiously optimistic, with five analysts rating STNE a Buy and four a Hold, giving it a consensus “Moderate Buy” rating and an average target price of $17.58. Recent note changes included lower price targets from UBS, Citigroup, and BTIG.
StoneCo Ltd. (NASDAQ:STNE - Get Free Report) Director Silvio Jose Morais sold 9,000 shares of StoneCo stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.29, for a total value of $101,610.00. Following the completion of the transaction, the director directly owned 21,000 shares of the company's stock, valued at approximately $237,090. This represents a 30.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
StoneCo Stock Performance
NASDAQ STNE opened at $10.99 on Tuesday. The company has a market cap of $2.74 billion, a P/E ratio of 4.40, a P/E/G ratio of 0.21 and a beta of 1.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a 50-day moving average of $12.03 and a two-hundred day moving average of $14.14. StoneCo Ltd. has a 1-year low of $9.45 and a 1-year high of $19.95.
StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $141.16 million during the quarter, compared to the consensus estimate of $675.11 million. StoneCo had a return on equity of 21.05% and a net margin of 23.82%. As a group, analysts anticipate that StoneCo Ltd. will post 2.31 EPS for the current year.
StoneCo Announces Dividend
The business also recently disclosed a special dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, April 24th were paid a $2.53 dividend. The ex-dividend date was Friday, April 24th.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on STNE. UBS Group decreased their price objective on StoneCo from $19.50 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, March 11th. Zacks Research upgraded StoneCo from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 3rd. Citigroup cut StoneCo from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $11.00 in a research note on Friday, May 15th. BTIG Research decreased their price objective on StoneCo from $22.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of StoneCo in a research note on Tuesday, June 2nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.58.
View Our Latest Stock Report on StoneCo
Institutional Investors Weigh In On StoneCo
Several institutional investors have recently added to or reduced their stakes in STNE. AQR Capital Management LLC purchased a new position in StoneCo in the first quarter valued at approximately $902,000. Strs Ohio purchased a new stake in shares of StoneCo during the 1st quarter worth approximately $70,000. Prudential Financial Inc. boosted its holdings in shares of StoneCo by 37.4% in the 2nd quarter. Prudential Financial Inc. now owns 28,075 shares of the company's stock valued at $450,000 after buying an additional 7,635 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of StoneCo by 8.3% in the 2nd quarter. Invesco Ltd. now owns 256,142 shares of the company's stock valued at $4,109,000 after buying an additional 19,723 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of StoneCo by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 13,995 shares of the company's stock valued at $224,000 after buying an additional 1,273 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company's stock.
StoneCo Company Profile
(
Get Free Report)
StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.
Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.
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