StoneCo (NASDAQ:STNE) PT Lowered to $22.00

StoneCo (NASDAQ:STNE - Get Free Report) had its price target cut by analysts at Susquehanna from $23.00 to $22.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price target indicates a potential upside of 43.79% from the stock's previous close.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Citigroup lifted their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. UBS Group cut shares of StoneCo from a "buy" rating to a "neutral" rating and increased their price target for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Barclays lifted their price target on shares of StoneCo from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, StoneCo currently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

StoneCo Price Performance

StoneCo stock traded up $0.04 during midday trading on Friday, reaching $15.30. The company had a trading volume of 7,183,156 shares, compared to its average volume of 5,234,142. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The company has a market capitalization of $4.81 billion, a P/E ratio of 15.15 and a beta of 2.34. The firm's fifty day simple moving average is $16.64 and its 200-day simple moving average is $15.33.

StoneCo (NASDAQ:STNE - Get Free Report) last released its earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 11.23% and a net margin of 13.35%. The business had revenue of $655.87 million for the quarter, compared to the consensus estimate of $468.47 million. As a group, equities analysts anticipate that StoneCo will post 1.3 EPS for the current year.

Hedge Funds Weigh In On StoneCo

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in StoneCo by 27.8% in the 3rd quarter. BlackRock Inc. now owns 21,451,911 shares of the company's stock valued at $204,437,000 after buying an additional 4,666,575 shares during the period. Norges Bank purchased a new stake in StoneCo during the fourth quarter worth approximately $58,777,000. Renaissance Technologies LLC purchased a new stake in StoneCo during the first quarter worth approximately $35,504,000. Nuveen Asset Management LLC purchased a new position in StoneCo in the fourth quarter valued at approximately $36,887,000. Finally, State Street Corp raised its holdings in StoneCo by 85.9% during the second quarter. State Street Corp now owns 4,404,305 shares of the company's stock worth $33,913,000 after purchasing an additional 2,034,974 shares in the last quarter. Institutional investors and hedge funds own 73.19% of the company's stock.

StoneCo Company Profile

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.