Conestoga Capital Advisors LLC has recently announced that it has increased stake in Stevanato Group S.p.A. (NYSE:STVN) by 94.79%. After grabbing 3.47 million shares, the institutional investor is now in possession of 1.69 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 10.19% having worth around $53.18 million. Moreover, ArrowMark Colorado Holdings LLC increased its share by 0.68 million to have a control over 2.05 million shares. And Norges Bank Investment Management raised its holdings to 0.57 million shares by acquiring 1.89 million shares or 5.53% of the stake.
Stevanato Group S.p.A. (STVN) concluded trading on 01/12/23 at a closing price of $19.49, with 0.38 million shares of worth about $7.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.60% during that period and on Thursday the price saw a loss of about -1.96%. Currently the company’s common shares owned by public are about 264.70M shares, out of which, 63.92M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the STVN stock and their offered price forecasts bring an average price target of $19.99. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $24.49 and could fall to a lowest price of $15.70. The stock’s current price level is 5.07% above of average price target set by the analysts, while a rise to estimated low would result in loss of -24.14% for the stock. However, touching the estimated high of $24.49 would mean a gain of 20.42% for the stock.
Vanguard Explorer Fund, Conestoga Small Cap Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Stevanato Group S.p.A. Vanguard Explorer Fund is currently holding 2.18 million shares of worth totaling $33.4 million. The company recently came buying 0.3 million shares which brought its stake up to 6.40% of the company’s outstanding shares. Government Pension Fund – Global, after buying 1.89 million shares, have now control over 5.53% of the stake in the company. It holds 1.89 million shares of worth $28.87 million.
Stevanato Group S.p.A. (NYSE: STVN) started trading at $19.85, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 19.85, or with a loss of -1.96%. Stock saw a price change of 2.47% in past 5 days and over the past one month there was a price change of 14.24%. Year-to-date (YTD), STVN shares are showing a performance of 8.46% which increased to 5.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.35 but also hit the highest price of $21.49 during that period. The average intraday trading volume for Stevanato Group S.p.A. shares is 350.20K. The stock is currently trading 6.54% above its 20-day simple moving average (SMA20), while that difference is up 18.66% for SMA50 and it goes to 16.05% higher than SMA200.
Conestoga Capital Advisors LLC acquired 3.47 million shares of Stevanato Group S.p.A. having value of about $53.18 million. Data submitted at the U.S SEC by Conestoga Capital Advisors LLC revealed that the firm now holds 1.69 million shares in the company valued at close to $32943479.24, or have control over 94.79% stake in the company. Holding of mutual funds in the company is about 48.40% while other institutional holders and individual stake holders have control over 55.38% and — of the stake respectively.
The stock has a current market capitalization of $5.48B. PE ratio of stock for trailing 12 months is 35.24, while it has posted earnings per share of $0.55 in the same period. Its PEG reads 8.43 and has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STVN, volatility over the week remained 4.57% while standing at 4.54% over the month.
Analysts are in expectations that Stevanato Group S.p.A. (STVN) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 99.60% while it is estimated to increase by 3.59% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Stevanato Group S.p.A. (STVN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 8 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on August 10, 2021 offering an Overweight rating for the stock and assigned a target price of $24 to it. Coverage by Morgan Stanley stated Stevanato Group S.p.A. (STVN) stock as an Overweight in their note to investors on August 10, 2021, suggesting a price target of $26 for the stock. On August 10, 2021, KeyBanc Capital Markets Initiated their recommendations, while on August 10, 2021, Jefferies Initiated their ratings for the stock with a price target of $25. Stock get a Buy rating from Citigroup on August 10, 2021.