Shares of StoneCo Ltd (NASDAQ:STNE) have earned a consensus broker rating score of 1.88 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. StoneCo’s rating score has improved by 13.4% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $28.25 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned StoneCo an industry rank of 82 out of 255 based on the ratings given to its competitors.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of StoneCo from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on shares of StoneCo in a research note on Monday, November 19th. They issued a “neutral” rating and a $25.00 price target for the company. Goldman Sachs Group assumed coverage on shares of StoneCo in a research note on Monday, November 19th. They issued a “neutral” rating and a $25.60 price target for the company. Citigroup assumed coverage on shares of StoneCo in a research note on Monday, November 19th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Bank of America assumed coverage on shares of StoneCo in a research note on Monday, January 14th. They issued a “buy” rating and a $26.00 price target for the company.

Shares of STNE stock opened at $30.34 on Friday. StoneCo has a 52 week low of $16.14 and a 52 week high of $34.50.

Several hedge funds have recently made changes to their positions in STNE. Foxhaven Asset Management LP bought a new stake in StoneCo during the fourth quarter valued at approximately $24,360,000. Norges Bank bought a new stake in StoneCo during the fourth quarter valued at approximately $16,539,000. Apoletto Ltd bought a new stake in StoneCo during the fourth quarter valued at approximately $12,727,000. Pelham Global Financials Ltd. bought a new stake in StoneCo during the fourth quarter valued at approximately $12,154,000. Finally, BlackRock Inc. bought a new stake in StoneCo during the fourth quarter valued at approximately $11,810,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

About StoneCo

StoneCo Ltd. provides financial technology solutions that empower 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 technology and solutions to digital merchants through sales and technical personnel and software vendors.

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