StoneCo (STNE) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STNE, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 12-month price targets for StoneCo's stock. Their STNE share price forecasts range from $11.00 to $20.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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StoneCo's stock was trading at $9.44 at the beginning of the year. Since then, STNE stock has increased by 41.5% and is now trading at $13.36.
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StoneCo saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 21,270,000 shares, an increase of 21.4% from the April 15th total of 17,520,000 shares. Based on an average trading volume of 5,560,000 shares, the days-to-cover ratio is currently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
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StoneCo Ltd. (NASDAQ:STNE) announced its quarterly earnings data on Tuesday, March, 14th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $514.25 million for the quarter, compared to analyst estimates of $383.41 million. StoneCo had a negative net margin of 0.19% and a positive trailing twelve-month return on equity of 4.62%.

ETFs with the largest weight of StoneCo (NASDAQ:STNE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), Amplify Emerging Markets FinTech ETF (EMFQ), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ETFMG Prime Mobile Payments ETF (IPAY), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), Global X FinTech ETF (FINX), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and KraneShares Emerging Markets Consumer Technology ETF (KEMQ).

StoneCo updated its first quarter 2023 earnings guidance on Tuesday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $494.19M-, compared to the consensus revenue estimate of $519.54 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other StoneCo investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Block (SQ), PayPal (PYPL), Salesforce (CRM), Netflix (NFLX), Tesla (TSLA) and Micron Technology (MU).

(STNE) raised $1 billion in an initial public offering (IPO) on Thursday, October 25th 2018. The company issued 47,700,000 shares at a price of $21.00-$23.00 per share. Goldman Sachs, J.P. Morgan and Citigroup served as the underwriters for the IPO and Itaú BBA, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and BTG Pactual were co-managers.

StoneCo trades on the NASDAQ under the ticker symbol "STNE."

StoneCo's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.01%), FMR LLC (3.74%), Sumitomo Mitsui Trust Holdings Inc. (3.00%), Nikko Asset Management Americas Inc. (3.00%), State Street Corp (1.49%) and SPX Gestao de Recursos Ltda (1.38%).

Shares of STNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STNE stock can currently be purchased for approximately $13.36.

StoneCo (NASDAQ:STNE) has a market capitalization of $4.18 billion and generates $1.86 billion in revenue each year. The company earns $-100,610,000.00 in net income (profit) each year or ($0.01) on an earnings per share basis.

The company employs 15,485 workers across the globe.

StoneCo's mailing address is R. Fidencio Ramos 308 Vila Olimpia 10th floor, Sao Paulo D5, 04551. The official website for the company is www.stone.co. The company can be reached via phone at (113) 004-9680 or via email at investors@stone.com.