StoneCo (NASDAQ:STNE - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.
STNE has been the topic of several other reports. Santander upgraded StoneCo from a "neutral" rating to an "outperform" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group lowered their target price on StoneCo from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company upgraded StoneCo from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 19th. Morgan Stanley lifted their target price on StoneCo from $5.70 to $6.00 and gave the company an "underweight" rating in a research report on Friday, March 21st. Finally, Barclays boosted their price objective on StoneCo from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.63.
View Our Latest Analysis on STNE
StoneCo Stock Performance
Shares of STNE stock traded down $0.29 on Friday, reaching $13.53. The stock had a trading volume of 9,854,432 shares, compared to its average volume of 5,784,639. The stock has a market cap of $3.87 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.41 and a beta of 2.01. StoneCo has a 1 year low of $7.72 and a 1 year high of $15.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day simple moving average of $12.85 and a 200 day simple moving average of $10.51.
StoneCo (NASDAQ:STNE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm 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 will post 1.16 EPS for the current year.
Institutional Investors Weigh In On StoneCo
Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. increased its holdings in shares of StoneCo by 22.2% in the fourth quarter. Point72 Asset Management L.P. now owns 13,956,554 shares of the company's stock worth $111,234,000 after purchasing an additional 2,534,079 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its stake in StoneCo by 46.8% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 13,951,183 shares of the company's stock worth $111,191,000 after acquiring an additional 4,446,709 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. increased its stake in StoneCo by 3.1% during the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company's stock worth $125,581,000 after acquiring an additional 359,037 shares during the last quarter. Nuveen Asset Management LLC increased its stake in StoneCo by 40.3% during the fourth quarter. Nuveen Asset Management LLC now owns 6,993,611 shares of the company's stock worth $55,739,000 after acquiring an additional 2,008,710 shares during the last quarter. Finally, Nuveen LLC bought a new stake in StoneCo during the first quarter worth approximately $70,502,000. 73.19% of the stock is owned by institutional investors.
About StoneCo
(
Get Free Report)
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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