StoneCo (NASDAQ:STNE) Director Silvio Jose Morais Sells 9,000 Shares

StoneCo Ltd. (NASDAQ:STNE) Director Silvio Jose Morais sold 9,000 shares of the firm’s stock in a transaction on 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 owned 21,000 shares in the company, valued at $237,090. The trade was a 30.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

StoneCo Trading Down 2.4%

Shares of STNE stock opened at $10.99 on Tuesday. The stock’s fifty day moving average is $12.03 and its two-hundred day moving average is $14.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $2.74 billion, a P/E ratio of 4.40, a PEG ratio of 0.21 and a beta of 1.73. StoneCo Ltd. has a fifty-two week low of $9.45 and a fifty-two week high of $19.95.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $141.16 million for the quarter, compared to analyst estimates of $675.11 million. StoneCo had a return on equity of 21.05% and a net margin of 23.82%. Research analysts expect that StoneCo Ltd. will post 2.31 earnings per share for the current fiscal year.

StoneCo Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were paid a $2.53 dividend. The ex-dividend date of this dividend was Friday, April 24th.

Analysts Set New Price Targets

STNE has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of StoneCo in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. cut their target price on StoneCo from $20.00 to $16.50 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Zacks Research raised StoneCo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup downgraded StoneCo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 15th. Finally, UBS Group cut their target price on StoneCo from $19.50 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.58.

Institutional Trading of StoneCo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BRC Global BAH Investments Ltd. acquired a new position in StoneCo in the 4th quarter valued at about $84,501,000. Pictet Asset Management Holding SA grew its position in StoneCo by 131.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 219,614 shares of the company’s stock valued at $3,248,000 after acquiring an additional 124,734 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in StoneCo by 71.7% in the 4th quarter. Coronation Fund Managers Ltd. now owns 2,499,733 shares of the company’s stock valued at $36,971,000 after acquiring an additional 1,043,464 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in StoneCo in the 4th quarter valued at about $3,546,000. Finally, Jain Global LLC grew its position in StoneCo by 381.1% in the 3rd quarter. Jain Global LLC now owns 769,596 shares of the company’s stock valued at $14,553,000 after acquiring an additional 609,627 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Company Profile

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.