StoneCo (NASDAQ:STNE) Shares Down 4% - Here's Why

Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) fell 4% during trading on Friday . The company traded as low as $14.43 and last traded at $14.31. 1,072,562 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 5,797,446 shares. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

STNE has been the topic of several recent research reports. Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. Citigroup upgraded StoneCo from a "neutral" rating to a "buy" rating and raised their price target for the stock from $9.00 to $15.00 in a research report on Tuesday, April 22nd. Barclays raised their price objective on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. lifted their price target on StoneCo from $15.50 to $18.50 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen lowered StoneCo from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, StoneCo currently has a consensus rating of "Moderate Buy" and an average price target of $15.07.

StoneCo Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $11.83. The firm has a market capitalization of $4.01 billion, a PE ratio of -17.98, a P/E/G ratio of 0.36 and a beta of 1.94.

StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. StoneCo had a positive return on equity of 16.65% and a negative net margin of 8.90%. The company had revenue of $625.86 million for the quarter, compared to the consensus estimate of $3.68 billion. Equities research analysts expect that StoneCo Ltd. will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneCo

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of StoneCo by 1,486.3% during the first quarter. GAMMA Investing LLC now owns 2,903 shares of the company's stock valued at $30,000 after acquiring an additional 2,720 shares during the last quarter. CWM LLC boosted its position in shares of StoneCo by 327.4% during the first quarter. CWM LLC now owns 3,154 shares of the company's stock worth $33,000 after buying an additional 2,416 shares during the period. Sterling Capital Management LLC raised its stake in shares of StoneCo by 627.0% in the fourth 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 in the last quarter. Farther Finance Advisors LLC raised its stake in shares of StoneCo by 334.4% in the second quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company's stock valued at $42,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in StoneCo by 143.0% in the first quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company's stock valued at $48,000 after buying an additional 2,715 shares in the last quarter. Institutional investors and hedge funds 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.