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, 2020, the company served approximately 652,600 clients primarily small-and-medium-sized businesses; and 260 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2000 and is headquartered in George Town, Cayman Islands. StoneCo Ltd. is a subsidiary of HR Holdings, LLC.
IPO Year: 2018
Exchange: NASDAQ
Website: stone.co
| 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 |
| 5/11/2023 | $13.00 | Equal Weight | Barclays |
| 12/7/2022 | $17.00 → $15.00 | Overweight → Equal-Weight | Morgan Stanley |
George Town, Grand Cayman--(Newsfile Corp. - November 21, 2024) - StoneCo Ltd. (NASDAQ:STNE) (B3: STOC31) ("Stone" or "the Company") announced that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$ 2 billion in outstanding Class A common shares. The program approved does not have a fixed expiration date.This new share repurchase program replaces the previous share repurchase program announced by Stone on November 14th, 2023. Under the former program, Stone repurchased a total of 13,202,939 shares at an average price of US$ 13.52 per share, totaling US$ 178.3 million."We are p
George Town, Grand Cayman--(Newsfile Corp. - November 12, 2024) - StoneCo Ltd. (NASDAQ:STNE) (B3: STOC31) ("Stone" or the "Company") today reported its financial results for the third quarter ended September 30, 2024, in an Earnings Release which is now posted to the company's Investor Relations website https://investors.stone.co/. Conference CallStone will discuss its 3Q24 financial results during a teleconference today, November 12, 2024, at 5:00 PM ET / 7:00 PM BRT. The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | 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. Ca
GEORGE TOWN, Grand Cayman, Oct. 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone") today announces that it will release its third quarter 2024 financial results on Tuesday, November 12th, 2024, after the market closes. The Company will also host a conference call to discuss its results on the same day at 5:00pm ET (7:00pm BRT). The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | 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 call will also be webcast live
GEORGETOWN, Cayman Islands, Sept. 20, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today announced an additional board change to support the next stage of the Company's growth. Stone's Board has approved, effective immediately, the appointment of Antonio Silveira as a Board Member. Mr. Silveira is currently Chief Technology Officer ("CTO") at Attentive, company leader in AI-powered mobile marketing solutions. Mr. Silveira has over 15 years of experience in technology, having led organizations through significant expansion, developed innovative vertical products and overseen the modernization of technology infrastructures. As a Board Member
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
GEORGE TOWN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") announces the release of its 2023 Sustainability Report, prepared based on indicators of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The Company also started reporting climate information according to the recommendations from the Task Force on Climate Related Financial Disclosures (TCFD). Click here to access the document. About StoneCo StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them gr
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
GEORGE TOWN, Grand Cayman, July 16, 2024 /PRNewswire/ -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("StoneCo" or the "Company") announces the results of the Early Tender Deadline 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. Based on the information provided by D.F. King & Co., Inc., the tender agent and the information agent for the Tender Offer and the Consent Solicitation (the "Tender and Inform
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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
UBS downgraded StoneCo from Buy to Neutral and set a new price target of $21.00 from $18.00 previously
Goldman upgraded StoneCo from Neutral to Buy and set a new price target of $21.00 from $12.00 previously
BofA Securities upgraded StoneCo from Neutral to Buy
UBS upgraded StoneCo from Neutral to Buy and set a new price target of $18.00 from $14.00 previously
HSBC Securities upgraded StoneCo from Hold to Buy and set a new price target of $15.00 from $11.00 previously
Barclays initiated coverage of StoneCo with a rating of Equal Weight and set a new price target of $13.00
Morgan Stanley downgraded StoneCo from Overweight to Equal-Weight and set a new price target of $15.00 from $17.00 previously
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
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Citigroup raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $126 to $150. Citigroup analyst Atif Malik maintained a Buy rating. NVIDIA shares gained 6.8% to close at $126.09 on Tuesday. See how other analysts view this stock. Truist Securities raised the price target for Rivian Automotive, Inc. (NASDAQ:RIVN) from $10 to $13. Truist Securities analyst Jordan Levy maintained a Hold rating. Rivian Automotive shares gained 8.6% to close at $11.96 on Tuesday. See how other analysts view
Goldman Sachs analyst Tito Labarta maintains StoneCo (NASDAQ:STNE) with a Buy and lowers the price target from $21 to $15.
StoneCo (NASDAQ:STNE) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 2 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for StoneCo, presenting an average target of $20.17, a high estimate of $23.00, and a low estimate of $16.00. Highlighting a 2.09% decreas
Evercore ISI Group analyst Sheriq Sumar maintains StoneCo (NASDAQ:STNE) with a Outperform and lowers the price target from $25 to $23.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. WEX Inc (NYSE:WEX) On June 5, WEX named Sara Trickett as Chief Legal Officer and Corporate Secretary. The company's stock fell
Analysts' ratings for StoneCo (NASDAQ:STNE) over the last quarter vary from bullish to bearish, as provided by 6 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 1 0 0 3M Ago 1 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $19.67, a high estimate of $23.00, and a low estimate of $16.00. Observing a 1.39% increase, the current average has risen from the previous average price t
JP Morgan analyst Yuri Fernandes upgrades StoneCo (NASDAQ:STNE) from Neutral to Overweight and maintains the price target from $20 to $20.
George Town, Grand Cayman--(Newsfile Corp. - November 12, 2024) - StoneCo Ltd. (NASDAQ:STNE) (B3: STOC31) ("Stone" or the "Company") today reported its financial results for the third quarter ended September 30, 2024, in an Earnings Release which is now posted to the company's Investor Relations website https://investors.stone.co/. Conference CallStone will discuss its 3Q24 financial results during a teleconference today, November 12, 2024, at 5:00 PM ET / 7:00 PM BRT. The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | 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. Ca
GEORGE TOWN, Grand Cayman, Oct. 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone") today announces that it will release its third quarter 2024 financial results on Tuesday, November 12th, 2024, after the market closes. The Company will also host a conference call to discuss its results on the same day at 5:00pm ET (7:00pm BRT). The conference call can be accessed live over the Zoom webinar (ID: 851 7712 3588 | 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 call will also be webcast live
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
GEORGE TOWN, Grand Cayman, April 16, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone") announces that it will release its first quarter 2024 financial results on Monday, May 13, 2024 after the market closes and will host a conference call that afternoon at 5:00pm ET (6:00pm BRT) to discuss the results. The Company also announces that, beginning in the first quarter of 2024, it will adopt a new internal accounting policy for the recognition of membership fee revenues. Membership fee revenue is generated from a non-refundable set up fee paid upfront by a merchant client upon the signing of its service agreement contract for some of our offerings. Previously, the Co
Strong quarter with Adjusted EBT reaching R$638 million, up 132% year over year, on accelerating MSMB TPV growth of 20%, resulting in Adjusted Net income of R$564 million, up 177% year over year GEORGE TOWN, Grand Cayman, March 18, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its fourth quarter and fiscal year ended December 31, 2023. "Dear Fellow Shareholders, I hope this message finds you in high spirits. As we wrap up a successful year, I want to express my profound gratitude for your support and investment in Stone. Reflecting on the past year, it is remarkable how well our company has performed
GEORGE TOWN, Grand Cayman, Feb. 21, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone") today announces that it will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results on Monday, March 18th, 2024 at 5:00pm ET (6:00pm BRT). A press release with fourth quarter and fiscal year 2023 financial results will be issued after the market closes that same day. The conference call can be accessed live over the Zoom webinar (ID: 835 5588 9011 | 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 c
GEORGE TOWN, Grand Cayman, Dec. 18, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or "the Company") announced that it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation (DFC), an agency of the United States government. The facility, which has a final maturity of seven years, and a six-month availability period, acquires accounts receivables due by over twenty different non-systemic important Brazilian financial institutions that are credit card issuers, on a non-recourse basis. It will further strengthen Stone's ability to offer prepayment of recei
Strong quarter with Adjusted EBT reaching R$545 million, up 228% year over year,on accelerating MSMB TPV growth of 19.9%, resulting in Adjusted Net income of R$435 million, up 302% year over year GEORGE TOWN, Grand Cayman, Nov. 10, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today reports its financial results for its third quarter ended September 30, 2023. Operating and Financial Highlights for 3Q23 Note about our non-IFRS Adjusted P&L metrics: as anticipated in our 4Q22 Earnings announcement, from 1Q23 onwards we no longer adjust the expenses related to share-based compensation, which may affect the comparability of our current Adjusted
GEORGETOWN, Cayman Islands, Sept. 20, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today announced an additional board change to support the next stage of the Company's growth. Stone's Board has approved, effective immediately, the appointment of Antonio Silveira as a Board Member. Mr. Silveira is currently Chief Technology Officer ("CTO") at Attentive, company leader in AI-powered mobile marketing solutions. Mr. Silveira has over 15 years of experience in technology, having led organizations through significant expansion, developed innovative vertical products and overseen the modernization of technology infrastructures. As a Board Member
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
GEORGETOWN, Cayman Islands, April 03, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE, B3: STOC31))) ("Stone" or the "Company") today announced that on March 31, 2023, the Company completed the transition of leadership roles, by which Pedro Zinner assumed the position of CEO of Stone. Thiago Piau, former CEO, joined the Company's Board as a director and member of the Finance and Risk committee on February 15, 2023, as previously announced. About StoneCo StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses. Contact: Investor Relationsinvestors@sto
GEORGETOWN, Cayman Islands, Feb. 15, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE) ("Stone" or the "Company"), a leading provider of financial services and software solutions for merchants in Brazil, today announced additional board changes. On February 15th, 2023, the StoneCo Board received a notice from Roberto Moses Thompson Motta of his intent to retire as a director of the Board, effective as of such date. The Board of StoneCo would like to thank Roberto for his commitment and invaluable contributions over the last years. Effective February 15th, 2023, Thiago Piau, StoneCo CEO, will join the StoneCo Board as a director. As previously announced, Mr. Piau will continue to serve
GEORGETOWN, Cayman Islands, April 26, 2022 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE) ("Stone" or the "Company"), a leading provider of financial services and software solutions for merchants in Brazil, today announced additional board changes to support the next stage of the Company's growth. The StoneCo Board has approved the appointment of two new Directors, Mauricio Luchetti and Patricia Verderesi. Mr. Luchetti has been a member of the Board of Directors of several companies and has extensive experience with People and Management. Mrs. Verderesi has over 30 years' experience in the financial markets, with strong focus on risk management. At the same time, Mateus Scherer Schwening
GEORGE TOWN, Grand Cayman, July 15, 2021 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE) ("Stone") announced that pursuant to written resolutions of its Board of Directors dated July 5, 2021, Mr. Diego Fresco Gutierrez was appointed to the Board of Directors, effective immediately. Diego Fresco Gutierrez graduated in Accounting in 1994 at Universidad de la República Oriental del Uruguay. Diego is a Certified Public Accountant registered in the state of Virginia and an Accountant registered with the Conselho Regional de Contabilidade – SP in Brazil. He is currently a member of the Audit Committee of Votorantim Cimentos S.A. and of Itau Corpbanca Chile (NYSE:ITCB), where he also is an altern