$STNE is set to keep climbing after breaking out to the upside on Friday. The company delivered strong Q3 results and $BRK-B has a 7.9% stake in the company. Here are the highlights:
StoneCo (NASDAQ:STNE) Q3 total revenue and income of R$671.1M (US$159M) jumped 60% from the year-ago quarter.
Q3 adjusted net income of R$201.9M rose 126% Y/Y.
Q3 adjusted net margin of 30.1%, up 8.5 basis points from a year ago.
Total payment volume of R$32.6B rose 50% Y/Y.
Total active clients reached 428,900, up 83% Y/Y; net addition of active clients was 68,700.
Q3 take rate of 1.91% increased from 1.85% in Q2.
Guggenheim Securities analyst Jeff Cantwell raises price target to $42 from $38; maintains buy rating.
Contrasts with Quant rating of Neutral; Sell-Side average rating is Bullish (5 Very Bullish, 3 Bullish, 6 Neutral, 2 Very Bearish) with average price target of $36.98.
StoneCo Ltd. provides financial technology solutions that empower 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 of December 31, 2018, the company served approximately 267,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 108 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2000 and is headquartered in São Paulo, Brazil.
As always, use protective stops and trade with caution.
Good luck to all!
StoneCo (NASDAQ:STNE) Q3 total revenue and income of R$671.1M (US$159M) jumped 60% from the year-ago quarter.
Q3 adjusted net income of R$201.9M rose 126% Y/Y.
Q3 adjusted net margin of 30.1%, up 8.5 basis points from a year ago.
Total payment volume of R$32.6B rose 50% Y/Y.
Total active clients reached 428,900, up 83% Y/Y; net addition of active clients was 68,700.
Q3 take rate of 1.91% increased from 1.85% in Q2.
Guggenheim Securities analyst Jeff Cantwell raises price target to $42 from $38; maintains buy rating.
Contrasts with Quant rating of Neutral; Sell-Side average rating is Bullish (5 Very Bullish, 3 Bullish, 6 Neutral, 2 Very Bearish) with average price target of $36.98.
StoneCo Ltd. provides financial technology solutions that empower 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 of December 31, 2018, the company served approximately 267,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 108 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2000 and is headquartered in São Paulo, Brazil.
As always, use protective stops and trade with caution.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/