Shares of StoneCo Ltd (NASDAQ:STNE) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.86.
Several analysts have recently commented on the company. Citigroup set a $27.00 price objective on StoneCo and gave the stock a “hold” rating in a research note on Friday, May 31st. Susquehanna Bancshares assumed coverage on StoneCo in a research note on Friday, May 31st. They issued a “neutral” rating for the company. Goldman Sachs Group assumed coverage on StoneCo in a research note on Monday, June 10th. They issued a “buy” rating and a $37.00 price objective for the company. Credit Suisse Group raised StoneCo from a “neutral” rating to an “outperform” rating in a research note on Monday, July 22nd. Finally, HSBC assumed coverage on StoneCo in a research note on Tuesday, May 7th. They issued a “reduce” rating and a $20.00 price objective for the company.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of StoneCo by 10.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 35,168,221 shares of the company’s stock valued at $1,040,276,000 after acquiring an additional 3,234,024 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of StoneCo during the second quarter valued at approximately $251,806,000. OppenheimerFunds Inc. grew its holdings in StoneCo by 34.6% during the first quarter. OppenheimerFunds Inc. now owns 3,491,865 shares of the company’s stock valued at $143,551,000 after purchasing an additional 897,225 shares during the period. Maverick Capital Ltd. bought a new position in StoneCo during the second quarter valued at $77,364,000. Finally, Bamco Inc. NY grew its holdings in StoneCo by 103.6% during the second quarter. Bamco Inc. NY now owns 2,103,266 shares of the company’s stock valued at $62,215,000 after purchasing an additional 1,069,975 shares during the period. 37.49% of the stock is owned by institutional investors.
StoneCo Company Profile
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.
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