StoneCo (NASDAQ:STNE) Shares Down 3.6% - What's Next?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) traded down 3.6% during mid-day trading on Friday . The stock traded as low as $13.30 and last traded at $13.33. 2,213,340 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 5,756,472 shares. The stock had previously closed at $13.82.

Analysts Set New Price Targets

STNE has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company raised StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Santander raised StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Morgan Stanley raised their target price on StoneCo from $5.70 to $6.00 and gave the stock an "underweight" rating in a research report on Friday, March 21st. Finally, Citigroup raised shares of StoneCo from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $15.00 in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

StoneCo Trading Down 4.1%

The stock's 50-day simple moving average is $12.79 and its two-hundred day simple moving average is $10.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $3.79 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01.

StoneCo (NASDAQ:STNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. StoneCo had a return on equity of 13.92% and a net margin of 16.02%. Equities research analysts expect that StoneCo Ltd. will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STNE. GAMMA Investing LLC grew its position in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock worth $30,000 after buying an additional 2,720 shares in the last quarter. CWM LLC raised its stake in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company's stock valued at $33,000 after buying an additional 2,416 shares during the last quarter. Jones Financial Companies Lllp boosted its position in StoneCo by 254.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after purchasing an additional 3,056 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of StoneCo by 627.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock valued at $36,000 after acquiring an additional 3,925 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of StoneCo by 143.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after acquiring an additional 2,715 shares during the period. 73.19% of the stock is currently owned by institutional investors.

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.

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