Nucleo Capital Ltda. has recently announced that it has increased stake in StoneCo Ltd (NASDAQ:STNE) by 9.98%. After grabbing 6.14 million shares, the institutional investor is now in possession of 0.56 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.18% having worth around $95.76 million. Moreover, SSgA Funds Management, Inc. increased its share by 69317.0 to have a control over 4.96 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.83 million shares by acquiring 4.12 million shares or 1.46% of the stake.
StoneCo Ltd (STNE) concluded trading on 12/27/23 at a closing price of $18.53, with 4.18 million shares of worth about $77.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.33% during that period and on Wednesday the price saw a gain of about 2.04%. Currently the company’s common shares owned by public are about 293.89M shares, out of which, 248.34M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the STNE stock and their offered price forecasts bring an average price target of $79.41. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $111.90 and could fall to a lowest price of $43.80. The stock’s current price level is -13.47% below of average price target set by the analysts, while a dip to estimated low would result in gain of 57.69% for the stock. However, touching the estimated high of $111.90 would mean a gain of 83.44% for the stock.
iShares Russell 2000 ETF, Fidelity Inv. Trust – Emerging Ma, and Nikko Asset Global Fintech Equity are the top 3 mutual funds which are holding stakes in StoneCo Ltd iShares Russell 2000 ETF is currently holding 7.08 million shares of worth totaling $110.4 million. The company recently came buying 3480.0 shares which brought its stake up to 2.52% of the company’s outstanding shares. Fidelity Inv. Trust – Emerging Ma sold -0.11 million shares, after which its hold over company’s outstanding shares shrunk to 1.96%, leaving 5.51 million shares with the mutual fund that have a worth of about $85.98 million. Nikko Asset Global Fintech Equity, after buying 4.31 million shares, have now control over 1.53% of the stake in the company. It holds 61907.0 shares of worth $67.29 million.
StoneCo Ltd (NASDAQ: STNE) started trading at $18.20, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 18.60, or with a gain of 2.04%. Stock saw a price change of 3.17% in past 5 days and over the past one month there was a price change of 25.97%. Year-to-date (YTD), STNE shares are showing a performance of 96.29% which increased to 93.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.09 but also hit the highest price of $18.33 during that period. The average intraday trading volume for StoneCo Ltd shares is 5.61 million. The stock is currently trading 11.61% above its 20-day simple moving average (SMA20), while that difference is up 37.84% for SMA50 and it goes to 50.69% higher than SMA200.
Nucleo Capital Ltda. acquired 6.14 million shares of StoneCo Ltd having value of about $95.76 million. Data submitted at the U.S SEC by Nucleo Capital Ltda. revealed that the firm now holds 0.56 million shares in the company valued at close to $10324656.58, or have control over 9.98% stake in the company. StoneCo Ltd (NASDAQ: STNE) currently have 293.89M outstanding shares and institutions hold larger chunk of about 68.66% of that. Holding of mutual funds in the company is about 23.93% while other institutional holders and individual stake holders have control over 49.37% and — of the stake respectively.
The stock has a current market capitalization of $5.56B and its 3Y-monthly beta is at 2.44. PE ratio of stock for trailing 12 months is 29.92, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 0.47 and has Quick Ratio of 1.27 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STNE, volatility over the week remained 2.73% while standing at 3.61% over the month.
Analysts are in expectations that StoneCo Ltd (STNE) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 159.39% while it is estimated to increase by 30.30% in next year. EPS is likely to grow at an annualized rate of 63.80% for next 5-years, compared to annual growth of -21.78% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the StoneCo Ltd (STNE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.29. Out of those 17 Wall Street analysts, 8 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
