StoneCo Ltd. (NASDAQ:STNE) Short Interest Update

StoneCo Ltd. (NASDAQ:STNE) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 9,820,000 shares, a drop of 18.5% from the March 31st total of 12,050,000 shares. Based on an average trading volume of 5,070,000 shares, the short-interest ratio is presently 1.9 days.

StoneCo Trading Up 5.0 %

NASDAQ STNE traded up $0.78 on Friday, hitting $16.35. 6,294,173 shares of the stock were exchanged, compared to its average volume of 4,732,987. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a fifty day moving average price of $16.50 and a two-hundred day moving average price of $15.52. The firm has a market capitalization of $5.14 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.60 and a beta of 2.34. StoneCo has a 52-week low of $9.34 and a 52-week high of $19.46.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $655.87 million during the quarter, compared to analyst estimates of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. Research analysts forecast that StoneCo will post 1.27 EPS for the current fiscal year.

Institutional Trading of StoneCo

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its stake in shares of StoneCo by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock valued at $599,000 after purchasing an additional 692 shares during the period. Diversified Trust Co boosted its stake in shares of StoneCo by 3.3% during the fourth quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock valued at $641,000 after purchasing an additional 1,151 shares during the period. TrinityPoint Wealth LLC boosted its stake in shares of StoneCo by 11.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after purchasing an additional 1,167 shares during the period. Private Advisor Group LLC boosted its stake in shares of StoneCo by 4.2% during the fourth quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock valued at $593,000 after purchasing an additional 1,329 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of StoneCo in the fourth quarter valued at about $26,000. 73.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on STNE shares. Citigroup raised their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Susquehanna reduced their price objective on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Friday, April 19th. Barclays lifted their price objective on shares of StoneCo from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $21.00 in a report on Monday, January 22nd. Finally, UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and raised their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

About StoneCo

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.