Streetbeat News

STNE

StoneCo Ltd.

https://www.stone.co

Industry

Software - Infrastructure

StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team. As of December 31, 2021, the company served approximately 1,766,100 clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands. StoneCo Ltd. operates as a subsidiary of HR Holdings, LLC.

Open

11.61

Mkt cap

3.4B

Volume

4.1M

High

11.78

P/E Ratio

11.58

52-wk high

19.46

Low

11.29

Div yield

N/A

52-wk low

10.20

Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on StoneCo (NASDAQ:STNE) and increased the price target from $14 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:06 pm

StoneCo Ltd. (NASDAQ:STNE) shares rose after announcing it received a Financeira License from the Brazilian Central Bank, allowing it to offer new products like time deposits. The license will help diversify funding sources. StoneCo also secured a $467.5 million revolving securitization facility from the U.S. International Development Finance Corporation last month. The company aims to more than double its profitability in four years, targeting an adjusted net income of R$4.3 billion. StoneCo's stock increased by 3.01% to $17.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 05, 2024 | 6:04 pm

StoneCo Ltd. has received the 'Financeira' License from the Brazilian Central Bank, allowing it to offer new financial products like time deposits through its subsidiaries. This license is expected to enhance and diversify StoneCo's funding sources.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 4:23 pm

StoneCo (NASDAQ:STNE) received 6 analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. No somewhat bearish or bearish ratings were reported. The average 12-month price target for StoneCo is $16.33, with a high of $21.00 and a low of $12.00. This target has increased by 9.23% over the past month. Analyst ratings are based on information from company activities, financial statements, and insider conversations, and are used to guide investors on stock performance.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 6:00 pm

B of A Securities analyst Mario Pierry has maintained a Buy rating on StoneCo (NASDAQ:STNE) and increased the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 5:29 pm

UBS analyst Mariana Taddeo has maintained a Buy rating on StoneCo (NASDAQ:STNE) and increased the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:10 pm

Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on StoneCo (NASDAQ:STNE) and increased the price target from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:38 pm

B of A Securities analyst Mario Pierry has upgraded StoneCo (NASDAQ:STNE) from Neutral to Buy and increased the price target from $13 to $17, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:52 am

During its Investor Day in New York, Stone (NASDAQ:STNE) outlined plans to more than double its profitability in the next four years, targeting an adjusted net income of R$4.3 billion by 2027. The company aims to exceed R$600 billion in Total Payment Volume (TPV) with a take rate above 2.70% in the Micro, Small, and Medium Enterprise (MSMB) market, surpass R$14 billion in client deposits, and achieve a credit portfolio above R$5.5 billion. Stone's strategy focuses on growth in the MSMB market, enhancing customer engagement through financial services and software integration, and improving operational efficiency. The company will prioritize four verticals: retail, food, pharma, and gas stations. After appointing a new CEO, Pedro Zinner, StoneCo. has restructured to accelerate the integration of financial services with software assets. The company reported a tripling of adjusted net income to R$435 million for Q3 2023, with a net revenue of R$3.1 billion and an Adjusted EBT of R$545 million.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:30 pm

StoneCo., a financial technology company, has announced a new share repurchase program authorizing the repurchase of up to R$ 1 billion of its own shares. This move is indicative of the company's confidence in its financial health and future prospects. Share repurchase programs are often seen as a positive signal to the market, suggesting that the company believes its shares are undervalued and that it is a good use of its cash reserves.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:49 pm

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