StoneCo (NASDAQ:STNE) Trading Down 3.7%

StoneCo Ltd. (NASDAQ:STNEGet Free Report)’s stock price dropped 3.7% during trading on Monday . The company traded as low as $17.42 and last traded at $17.44. Approximately 4,059,975 shares traded hands during trading, a decline of 24% from the average daily volume of 5,326,029 shares. The stock had previously closed at $18.11.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on STNE shares. Cantor Fitzgerald raised their target price on StoneCo from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, November 16th. UBS Group downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. The Goldman Sachs Group upgraded shares of StoneCo from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $21.00 in a report on Monday, January 22nd. Barclays upped their price objective on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Bank of America lifted their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus target price of $17.83.

Check Out Our Latest Stock Report on StoneCo

StoneCo Trading Down 3.1 %

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $17.36 and a 200 day moving average of $13.83. The firm has a market cap of $5.52 billion, a PE ratio of 27.42 and a beta of 2.43.

StoneCo (NASDAQ:STNEGet Free Report) last posted its quarterly earnings results on Friday, November 10th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. StoneCo had a return on equity of 8.85% and a net margin of 9.02%. The company had revenue of $643.40 million during the quarter, compared to the consensus estimate of $405.25 million. Equities analysts anticipate that StoneCo Ltd. will post 0.88 earnings per share for the current year.

Institutional Trading of StoneCo

A number of institutional investors have recently modified their holdings of STNE. 1832 Asset Management L.P. bought a new stake in StoneCo during the 4th quarter valued at $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in StoneCo during the 4th quarter worth about $26,000. USA Financial Formulas bought a new position in StoneCo in the 4th quarter worth about $26,000. Quarry LP purchased a new position in StoneCo during the 2nd quarter valued at about $38,000. Finally, Headlands Technologies LLC bought a new stake in shares of StoneCo during the fourth quarter valued at about $56,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

About StoneCo

(Get Free Report)

StoneCo Ltd. provides financial technology and software 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 sells solutions to brick-and-mortar and digital merchants through sales team.

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