|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's Range||30.64 - 32.85|
|52 Week Range||16.14 - 45.62|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||163.24|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.46|
Get ready, bargain shoppers. StoneCo (STNE) plummeted 9% today and it looks like the stock received more lashes than it deserved — at least, according to Bank of America's Mario Pierry.While bears argue that margins shrank in the second-quarter, Pierry is impressed by StoneCo’s ability to rapidly expand into new businesses. As investors hit the exits without much forethought, the analyst maintains a Buy rating on StoneCo stock along with a $42 price target. For perspective, StoneCo’s stock closed at $30.52 today, so this implies upside of nearly 40%. (To watch Pierry’s track record, click here)The Brazilian fin-tech company runs electronic payment and payment processing units in Brazil, and the unique growth opportunity in Latin America combined with its impressive technology makes the company one to watch.In the past quarter, StoneCo’s revenues increased by 68% y/y compared to 54% y/y growth in operating expenses. StoneCo also benefited from a lower effective tax rate in the quarter, which helped adjusted net income rise to R$194 million from R$74 million during the first quarter.StoneCo’s strong growth is shown in its number of software users, which doubled in the second quarter to reach 70k clients compared to 32k at the end of the first quarter. Although StoneCo has not officially launched its digital account service yet, 10 thousand clients have opened accounts, which bodes well for the new development going forward.StoneCo’s credit services also showed solid growth in the quarter. The company distributed R$50 million in credit to 3 thousand clients. Pierry cheers how StoneCo chose to not incur credit risk by running a profit-sharing model with a partner bank, while strictly limiting how much credit each client can accumulate.Overall, Pierry is pleased with StoneCo’s ability to grow its customer base at an incredible rate while holding up its take rate on transactions. Although the company’s expenses were higher than Pierry forecasted, he views it as a positive that the money is being spent on expanding the company into new business segments.The rest of Wall Street is generally in line with Pierry’s positive view on StoneCo stock, considering TipRanks analytics showcase STNE as a Moderate Buy. Out of 5 analysts polled in the last 3 months, 3 are bullish on the stock, while 2 remain sidelined. With a potential upside of 19%, the stock’s consensus target price stands at $36.25. (See STNE’s price targets and analyst ratings on TipRanks)Oh, and let's not forget, Berkshire Hathaway owns about 11% stake in StoneCo. And when Berkshire Hathaway makes an investment, you should listen.
SÃO PAULO, Brazil, Aug. 14, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to.
Investment company Pelham Global Financials Ltd (Current Portfolio) buys StoneCo, Capital One Financial Corp, sells Bank of America Corporation during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Pelham Global Financials Ltd. Continue reading...
SÃO PAULO, Brazil, July 30, 2019 (GLOBE NEWSWIRE) -- StoneCo Ltd. (STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announced preliminary results for the second quarter of 2019. The ability to successfully scale new products in the second quarter proves our company’s capabilities to continue disrupting this industry through software and financial services,” said Thiago Piau, CEO. “In addition to the current success in the SMB market, we are very excited to announce that we are entering the micro-merchant space in a Joint Venture with Grupo Globo, the largest media conglomerate in Brazil.
SÃO PAULO, Brazil, July 24, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone”) today announces that it will host a conference call to discuss its second quarter 2019 financial.
Brazil's largest credit card processor, Cielo SA, is tightening its belt amid fierce competition with rivals like PagSeguro Digital Ltd and StoneCo Ltd to boost profitability and free up money for new products. Cielo has hired consulting firm Gradus to implement a cost cutting program this and next year, Chief Financial Officer Gustavo de Sousa told Reuters on Friday. The program is the latest in a series of measures Cielo has taken to reverse a slump in margins after it cut prices to take on rivals like Rede, GetNet, PagSeguro and Stone.
SÃO PAULO, Brazil, July 05, 2019 (GLOBE NEWSWIRE) -- StoneCo Ltd. (STNE) (“Stone”) announced that pursuant to written resolutions of its Board of Directors dated June 27, 2019, Mr. Silvio José Morais was appointed to the Board of Directors, effective immediately, and at the same meeting, elected to the Audit Committee. Mr. Morais is independent under the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and the listing standards of the Nasdaq Stock Market. Prior to joining the board of directors of Stone, Mr. Morais served as Controller at Ambev S.A. from 1998 to 2019, where he was responsible for the Financial Reporting, Internal Controls, Pension Plan and Direct Tax functions.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
SÃO PAULO, Brazil, May 13, 2019 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants to.
NEW YORK, NY / ACCESSWIRE / May 13, 2019 / StoneCo Ltd. (NASDAQ: STNE ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 13, 2019 at 5:00 PM Eastern Time. ...
StoneCo's (STNE) improved features, capabilities and differentiated services that help its clients better manage businesses are likely to aid its first-quarter 2019 results.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Every investor in StoneCo Ltd. (NASDAQ:STNE) should be aware of the most powerful shareholder groups...