Key Points
- StoneCo director Silvio Morais sold 21,000 shares at an average price of $9.91, generating approximately $208,110. He previously sold 9,000 shares in June at $11.29 each.
- StoneCo reported quarterly earnings of $0.47 per share, slightly above analyst expectations of $0.46, with a 22.92% net margin and 22.19% return on equity.
- Analysts maintain a consensus “Hold” rating, with an average price target of $14.30, while institutional investors own 73.19% of the company’s shares.
StoneCo Ltd. (NASDAQ:STNE - Get Free Report) Director Silvio Morais sold 21,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Silvio Jose Morais also recently made the following trade(s):
- On Friday, June 12th, Silvio Morais sold 9,000 shares of StoneCo stock. The stock was sold at an average price of $11.29, for a total value of $101,610.00.
StoneCo Stock Up 4.9%
STNE stock opened at $10.30 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $2.56 billion, a PE ratio of 4.16, a PEG ratio of 0.26 and a beta of 1.75. StoneCo Ltd. has a twelve month low of $9.08 and a twelve month high of $19.95. The stock has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $11.88.
StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. StoneCo had a return on equity of 22.19% and a net margin of 22.92%.The firm had revenue of $129.73 million for the quarter, compared to analysts' expectations of $708.24 million. On average, equities analysts predict that StoneCo Ltd. will post 2.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Squadra Investments Gestao DE Recursos LTDA. increased its stake in StoneCo by 435.5% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,662,253 shares of the company's stock valued at $94,071,000 after acquiring an additional 5,418,053 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in StoneCo by 1,054.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 5,236,620 shares of the company's stock valued at $77,450,000 after purchasing an additional 4,783,158 shares in the last quarter. Bank of America Corp DE lifted its stake in StoneCo by 151.7% during the first quarter. Bank of America Corp DE now owns 6,032,572 shares of the company's stock worth $85,180,000 after purchasing an additional 3,636,276 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in StoneCo during the third quarter worth about $58,017,000. Finally, Norges Bank purchased a new position in shares of StoneCo in the 4th quarter worth about $45,247,000. 73.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of StoneCo in a research note on Thursday, July 23rd. They issued a "hold" rating and a $12.60 target price on the stock. Weiss Ratings cut shares of StoneCo from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 18th. Bank of America cut shares of StoneCo from a "buy" rating to a "neutral" rating and set a $13.00 price target on the stock. in a report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their price objective on StoneCo from $20.00 to $16.50 and set an "overweight" rating on the stock in a research report on Wednesday, May 27th. Finally, BTIG Research dropped 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. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.30.
Get Our Latest Research Report on STNE
About StoneCo
(
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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