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    STNE   KYG851581069

STONECO LTD.

(STNE)
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STONECO ALERT: Bragar Eagel & Squire, P.C. is Investigating StoneCo on Behalf of StoneCo Stockholders and Encourages Investors to Contact the Firm

08/31/2021 | 08:01pm EDT

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against StoneCo Ltd. (“StoneCo” or the “Company”) (NASDAQ: STNE) on behalf of StoneCo stockholders. Our investigation concerns whether StoneCo has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

On August 30, 2021, after the market closed, Stone announced its second quarter 2021 financial results, reporting an 8.1% year-over-year decrease in revenue “mainly due to adjustments in credit fair value and significantly lower credit disbursements.” Further stating, the “credit business remains in the early stages and we made some mistakes in our execution, especially not foreseeing how the malfunctioning of the registry system could harm our business. So we decided to take a cautious approach and implemented some prudent actions, like temporarily stopping the disbursement of credit and increasing coverage for potential future losses, which impacted our reported results for the quarter.” Likewise, StoneCo thinks it could take three to six months before it can resume operations as normal.

On this news, StoneCo's stock price fell $2.11 per share, to close at $49.50 per share on August 30, 2021.

If you purchased or otherwise acquired StoneCo shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.


© Business Wire 2021
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Analyst Recommendations on STONECO LTD.
More recommendations
Financials
Sales 2021 4 494 M 811 M 811 M
Net income 2021 1 004 M 181 M 181 M
Net cash 2021 1 331 M 240 M 240 M
P/E ratio 2021 59,8x
Yield 2021 0,00%
Capitalization 68 198 M 12 190 M 12 310 M
EV / Sales 2021 14,9x
EV / Sales 2022 8,74x
Nbr of Employees 7 239
Free-Float 72,1%
Chart STONECO LTD.
Duration : Period :
StoneCo Ltd. Technical Analysis Chart | STNE | KYG851581069 | MarketScreener
Technical analysis trends STONECO LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 210,02 BRL
Average target price 335,27 BRL
Spread / Average Target 59,6%
EPS Revisions
Managers and Directors
Thiago dos Santos Piau Chief Executive Officer
Augusto Barbosa Estellita Lins President
Marcelo Bastianello Baldin VP-Finance & Principal Accounting Officer
André Street de Aguiar Chairman
Felipe Salvini Bourrus Chief Technology Officer
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