StoneCo (NASDAQ:STNE) Price Target Cut to $16.00 by Analysts at Barclays

StoneCo (NASDAQ:STNE - Get Free Report) had its target price lowered by investment analysts at Barclays from $17.00 to $16.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 7.74% from the stock's current price.

Other analysts also recently issued research reports about the stock. UBS Group downgraded shares of StoneCo from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Susquehanna dropped their price objective on StoneCo from $23.00 to $22.00 and set a "positive" rating on the stock in a report on Friday, April 19th. Citigroup boosted their target price on StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group raised StoneCo from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. Three equities research 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, StoneCo currently has an average rating of "Moderate Buy" and a consensus target price of $18.90.

StoneCo Stock Up 1.5 %

Shares of STNE traded up $0.22 during midday trading on Monday, reaching $14.85. The stock had a trading volume of 5,815,473 shares, compared to its average volume of 5,195,807. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.53 and a beta of 2.39. The company's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $16.25. StoneCo has a 1-year low of $9.34 and a 1-year high of $19.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. StoneCo had a return on equity of 12.35% and a net margin of 14.08%. The business had revenue of $655.87 million during the quarter, compared to analysts' expectations of $468.47 million. Equities research analysts expect that StoneCo will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On StoneCo

Institutional investors have recently bought and sold shares of the company. Pearl River Capital LLC boosted its holdings in StoneCo by 149.6% in the 3rd quarter. Pearl River Capital LLC now owns 145,045 shares of the company's stock valued at $1,548,000 after purchasing an additional 86,924 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in StoneCo by 103.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company's stock valued at $13,172,000 after acquiring an additional 628,698 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of StoneCo by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,147,544 shares of the company's stock worth $12,244,000 after purchasing an additional 24,598 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of StoneCo during the 4th quarter worth $26,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of StoneCo in the 4th quarter valued at about $2,824,000. 73.19% of the stock is owned by institutional investors and hedge funds.

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.