StoneCo (NASDAQ:STNE) Stock Price Down 4.7%

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares traded down 4.7% during mid-day trading on Wednesday . The stock traded as low as $14.43 and last traded at $14.45. 3,362,591 shares were traded during mid-day trading, a decline of 35% from the average session volume of 5,188,517 shares. The stock had previously closed at $15.17.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STNE. Susquehanna lowered their target price on shares of StoneCo from $23.00 to $22.00 and set a "positive" rating for the company in a research note on Friday, April 19th. 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 report on Thursday, February 1st. Citigroup boosted their price objective on StoneCo from $19.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Finally, Barclays lowered their target price on StoneCo from $17.00 to $16.00 and set an "equal weight" rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.90.

StoneCo Price Performance

The stock's 50 day moving average is $16.16 and its two-hundred day moving average is $16.30. The stock has a market capitalization of $4.51 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.54 and a beta of 2.39. 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 posted its quarterly earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The company had revenue of $655.87 million during the quarter, compared to analysts' expectations of $468.47 million. As a group, sell-side analysts forecast that StoneCo Ltd. will post 1.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. purchased a new stake in StoneCo during the fourth quarter worth approximately $26,000. USA Financial Formulas acquired a new stake in StoneCo during the fourth quarter worth approximately $26,000. Lazard Asset Management LLC purchased a new stake in shares of StoneCo during the 1st quarter worth approximately $41,000. Headlands Technologies LLC acquired a new position in shares of StoneCo in the 4th quarter valued at $56,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of StoneCo by 152.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company's stock valued at $58,000 after buying an additional 2,110 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

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.