StoneCo (NASDAQ:STNE) Shares Down 3.6% - Time to Sell?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares 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 trading, a decline of 62% from the average session volume of 5,756,472 shares. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $15.00 in a research note on Tuesday, April 22nd. Santander raised shares of StoneCo from a "neutral" rating to an "outperform" rating in a report on Wednesday, May 21st. Wall Street Zen lowered shares of StoneCo from a "buy" rating to a "hold" rating in a report on Friday. Wells Fargo & Company raised shares of StoneCo from an "equal weight" rating to an "overweight" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley boosted their price target on shares of StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, StoneCo presently has an average rating of "Moderate Buy" and a consensus price target of $15.63.

StoneCo Stock Performance

The firm has a market capitalization of $3.79 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.41 and a beta of 1.92. The stock has a 50-day moving average of $12.90 and a 200 day moving average of $10.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The firm had revenue of $625.86 million for the quarter, compared to analyst estimates of $3.68 billion. On average, research analysts anticipate that StoneCo Ltd. will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

A number of hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in StoneCo in the 4th quarter valued at $73,000. Newbridge Financial Services Group Inc. boosted its stake in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock valued at $51,000 after purchasing an additional 4,000 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of StoneCo by 34.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 45,569 shares of the company's stock valued at $373,000 after purchasing an additional 11,605 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of StoneCo by 3.2% in the 4th quarter. Rhumbline Advisers now owns 440,522 shares of the company's stock valued at $3,511,000 after purchasing an additional 13,605 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of StoneCo by 29.3% in the 4th quarter. Sanctuary Advisors LLC now owns 19,633 shares of the company's stock valued at $156,000 after purchasing an additional 4,446 shares during the last quarter. Institutional investors 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.