Nucleo Capital Ltda. recently announced the acquisition of new stake in StoneCo Ltd (NASDAQ:STNE). The institutional investor has increased its shareholding in the Technology company by 9.98% to 6.14 million shares with purchase of 0.56 million shares. This fresh investment now brings its stake to 2.18% valued currently at $60.86 million. In addition, SSgA Funds Management, Inc. raised its holdings by 69317.0 to 4.96 million shares. And D. E. Shaw & Co. LP has lifted its position by 25.24% or 0.83 million shares – to 4.12 million shares.
With over 4.1 million StoneCo Ltd (STNE) shares trading Tuesday and a closing price of $15.91 on the day, the dollar volume was approximately $65.26 million. The shares have shown a positive half year performance of 17.50% and its price on 12/12/23 gained nearly 1.47%. Currently, there are 293.89M common shares owned by the public and among those 248.34M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for STNE have a consensus price objective of $79.41. The analysts have set the share’s price value over the next 12 months at a high of $111.90 and a low of $43.80. The average price target is 2.09% above its recent price level and an upside to the estimated low will see the stock gain 63.68% over that period. But an upside of 85.78% will see the stock hit the forecast high price target while median target price for the stock is $81.03.
The top 3 mutual fund holders in StoneCo Ltd are iShares Russell 2000 ETF, Fidelity Inv. Trust – Emerging Ma, and Nikko Asset Global Fintech Equity. iShares Russell 2000 ETF owns 6.75 million shares of the company’s stock, all valued at over $66.93 million. The company sold 67791.0 shares recently to bring their total holdings to about 2.40% of the shares outstanding. Fidelity Inv. Trust – Emerging Ma sold -0.11 million shares to see its total holdings shrink to 5.51 million shares valued at over $54.65 million and representing 1.96% of the shares outstanding. Nikko Asset Global Fintech Equity bought 61907.0 shares to bring its total holdings to over 4.31 million shares at a value of $42.77 million. Nikko Asset Global Fintech Equity now owns shares totaling to 1.53% of the shares outstanding.
Shares of StoneCo Ltd (NASDAQ: STNE) opened at $15.63, down -$0.05 from a prior closing price of $15.68. However, the script later moved the day high at 16.01, up 1.47%. The company’s stock has a 5-day price change of -1.85% and 37.39% over the past three months. STNE shares are trading 68.54% year to date (YTD), with the 12-month market performance up to 61.36% higher. It has a 12-month low price of $8.09 and touched a high of $16.80 over the same period. STNE has an average intraday trading volume of 5.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.62%, 32.62%, and 34.05% respectively.
Institutional ownership of StoneCo Ltd (NASDAQ: STNE) shares accounts for 68.67% of the company’s 293.89M shares outstanding. Mutual fund holders own 23.75%, while other institutional holders and individual stakeholders account for 49.49% and — respectively.
It has a market capitalization of $4.77B and a beta (3y monthly) value of 2.43. The stock’s trailing 12-month PE ratio is 25.69, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 0.40 and a Quick Ratio of 1.27 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.67% over the week and 4.30% over the month.
Analysts forecast that StoneCo Ltd (STNE) will achieve an EPS of $0.3 for the current quarter, $0.26 for the next quarter and $1.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 166.93%, and 30.30% over the next financial year. EPS should grow at an annualized rate of 63.80% over the next five years, compared to -21.78% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate StoneCo Ltd (STNE) as a “Moderate Buy” at a consensus score of 2.29. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 7 of the 17 advise that investors “hold,” and 2 rated it as a “Sell.”
