Date | Price Target | Rating | Analyst |
---|---|---|---|
9/5/2024 | $16.50 → $7.00 | Equal-Weight → Underweight | Morgan Stanley |
7/8/2024 | $21.00 → $17.00 | Neutral → Buy | UBS |
6/6/2024 | $20.00 | Neutral → Overweight | JP Morgan |
2/1/2024 | $18.00 → $21.00 | Buy → Neutral | UBS |
1/22/2024 | $12.00 → $21.00 | Neutral → Buy | Goldman |
11/16/2023 | Neutral → Buy | BofA Securities | |
8/3/2023 | $14.00 → $18.00 | Neutral → Buy | UBS |
6/13/2023 | $11.00 → $15.00 | Hold → Buy | HSBC Securities |
Morgan Stanley downgraded StoneCo from Equal-Weight to Underweight and set a new price target of $7.00 from $16.50 previously
UBS upgraded StoneCo from Neutral to Buy and set a new price target of $17.00 from $21.00 previously
JP Morgan upgraded StoneCo from Neutral to Overweight and set a new price target of $20.00
GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its second quarter ended June 30, 2024. Adjusted EBTMSMB CTPV (Card TPV)R$652 millionR$97.8 billion+45.9% year over year+17.4% year over year Adjusted Net incomeAdjusted Basic EPSR$497 millionR$1.61+54.4% year over year+57.2% year over year Business Overview Stone has made significant progress in the second quarter across our strategic priorities, advancing in critical areas as we work towards our 2024 and long-term targets. Highlighting our strong growth within Financial Services, MSMB Card TPV increased by 17.4% year
GEORGE TOWN, Grand Cayman, July 17, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone") today announces that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 14th, 2024 at 5:00pm ET (6:00pm BRT). A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 854 5992 8852| Password: 819157). You can also access the meeting over the phone by dialing +1 646 931 3860 or +1 669 444 9171 from the U.S. Callers from Brazil can dial +55 21 3958 7888. Callers from the UK can dial +44 330 088 5830. The c
Adjusted EBT reaching R$568 million, up 75% year over year, on MSMB TPV growth including PIX P2M of 24%, resulting in Adjusted Net income of R$450 million, up 90% year over year GEORGE TOWN, Grand Cayman, May 13, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its first quarter ended March 31, 2024. Business Overview 1Q24 represented continuous business growth, delivering on our strategic priorities. In financial services, Stone performed well in all client offerings. Starting with payments, we posted strong continued TPV growth (including PIX) with an almost flat sequential growth rate. The qu
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6-K - StoneCo Ltd. (0001745431) (Filer)
6-K - StoneCo Ltd. (0001745431) (Filer)
6-K - StoneCo Ltd. (0001745431) (Filer)
GEORGETOWN, Cayman Islands, March 18, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") is announcing a planned transition within the Board of Directors. After a decade of fundamental contributions, our founder, Mr. André Street has chosen not to seek re-election at the upcoming Annual General Meeting ("AGM"), which will occur by the end of April 2024. In similar vein, Mr. Conrado Engel, our Vice Chairman, and Patricia Verderesi Schindler, will also not seek re-election, having completed their two-year commitment to the Company. In preparation for this transition, the proposal is to appoint Mr. Mauricio Luchetti as the new Chairman, and Mr. Gilber
GEORGETOWN, Cayman Islands, Dec. 01, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today announced additional board changes to support the next stage of the Company's growth. Stone's Board has approved the appointment of Gilberto Caldart as a Board Member. Mr. Caldart is a former Vice Chairman and President of International Markets at Mastercard, where he worked more than 14 years. Prior to that he also had a 26-year career in Citigroup, having extensive knowledge of financial services, payment innovation, and technology. The appointment of Mr. Caldart is effective immediately. Board of Directors Composition As a result of this
GEORGETOWN, Cayman Islands, April 06, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today announced additional board changes to support the next stage of the Company's growth. Stone's Board has approved the resignation of Pedro Franceschi from the Board and the appointment of Luiz André Barroso as a Board Member. Mr. Barroso is a Google Fellow, and a reference in technology and innovation. He has founded and led the office of Cross-Google Engineering (XGE), being responsible for coordinating technical roadmaps that span all Google's products. Mr. Barroso has over 30 years of experience in technology, with over 20 years working at Google, whe
Adjusted net income was R$ 497 million, a 54% increase compared to the same period last yearAdjusted EBT of R$ 652 million increased by 46% compared to the second quarter of 2023Total Payment Volume (TPV) of SMEs had an annual growth of 25%, also considering PIX transactionsSÃO PAULO, Aug. 15, 2024 /PRNewswire/ -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) delivered a strong second quarter, marked by solid TPV growth and continued advancements in Credit and Banking. The company reported adjusted net income of R$ 497 million, a 54% increase over the same period last year. Total revenue reached R$ 3.2 billion, an 8% year-over-year growth. Adjusted net cash stood at R$ 5.3 billion, an increase of
GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its second quarter ended June 30, 2024. Adjusted EBTMSMB CTPV (Card TPV)R$652 millionR$97.8 billion+45.9% year over year+17.4% year over year Adjusted Net incomeAdjusted Basic EPSR$497 millionR$1.61+54.4% year over year+57.2% year over year Business Overview Stone has made significant progress in the second quarter across our strategic priorities, advancing in critical areas as we work towards our 2024 and long-term targets. Highlighting our strong growth within Financial Services, MSMB Card TPV increased by 17.4% year
GEORGE TOWN, Grand Cayman, July 31, 2024 /PRNewswire/ -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("StoneCo" or the "Company") announces the expiration and final results of the tender offer and consent solicitation pursuant to the terms and subject to the conditions set forth in an offer to purchase and consent solicitation statement dated July 1, 2024 (the "Offer to Purchase and Consent Solicitation"). Any capitalized term used but not defined in this press release has the respective meaning set forth in the Offer to Purchase and Consent Solicitation. The Tender Offer and the Consent Solicitation expired at 5:00 p.m., New York City time, on July 30, 2024 (the "Expiration Time"). Based on
UBS analyst Kaio Prato upgrades StoneCo (NASDAQ:STNE) from Neutral to Buy and lowers the price target from $21 to $17.
Shares of PagSeguro Digital Ltd (NYSE:PAGS) were trading down on Wednesday. The stock has lost 20% since April 1, despite the company reporting an acceleration in its first-quarter year-on-year growth in revenues and earnings to 15% and 33%, respectively, according to Goldman Sachs. The PagSeguro Digital Analyst: Tito Labarta upgraded the rating for PagSeguro Digital from Neutral to Buy, while keeping the price target unchanged at $15. The PagSeguro Digital Thesis: The current environment in Brazil's payments sector should favor the company, given its competitive offerings in the more profitable small and medium businesses and micro merchant segments, Labarta said in the upgrade not