StoneCo (NASDAQ:STNE) Trading Up 3%

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) traded up 3% during mid-day trading on Tuesday . The company traded as high as $16.87 and last traded at $16.81. 1,621,619 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 5,215,016 shares. The stock had previously closed at $16.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group cut shares of StoneCo from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. The Goldman Sachs Group raised shares of StoneCo from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Barclays raised their target price on shares of StoneCo from $14.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Citigroup raised their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Finally, Bank of America raised their target price on shares of StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, StoneCo has a consensus rating of "Moderate Buy" and an average target price of $18.64.

StoneCo Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. The company's 50-day simple moving average is $17.09 and its 200 day simple moving average is $14.85. The firm has a market cap of $5.10 billion, a P/E ratio of 16.13 and a beta of 2.35.

Institutional Investors Weigh In On StoneCo

Several institutional investors have recently made changes to their positions in STNE. Envestnet Asset Management Inc. bought a new stake in shares of StoneCo in the 1st quarter worth about $122,000. Advisor Group Holdings Inc. lifted its holdings in shares of StoneCo by 10.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 35,254 shares of the company's stock worth $417,000 after acquiring an additional 3,240 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of StoneCo by 190.2% in the 1st quarter. JPMorgan Chase & Co. now owns 882,709 shares of the company's stock worth $10,328,000 after acquiring an additional 578,488 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in StoneCo during the 1st quarter valued at about $128,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in StoneCo during the 1st quarter valued at about $167,000. Institutional investors own 73.19% of the company's stock.

About StoneCo

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.