StoneCo (NASDAQ:STNE) Price Target Cut to $19.00 by Analysts at Susquehanna

StoneCo (NASDAQ:STNE) had its target price lowered by Susquehanna from $22.00 to $19.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

Other analysts also recently issued reports about the company. Barclays decreased their target price on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reissued an “underweight” rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, UBS Group raised their target price on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

StoneCo Stock Performance

Shares of StoneCo stock opened at $10.48 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.24 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.41 and a beta of 2.29. The business has a 50 day moving average price of $11.34 and a 200-day moving average price of $12.81. StoneCo has a 52 week low of $10.45 and a 52 week high of $19.46.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million for the quarter, compared to analysts’ expectations of $590.74 million. StoneCo had a net margin of 16.02% and a return on equity of 13.69%. Equities analysts anticipate that StoneCo will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StoneCo

A number of large investors have recently added to or reduced their stakes in STNE. Marshall Wace LLP raised its position in StoneCo by 204.1% during the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after purchasing an additional 5,195,787 shares in the last quarter. Truxt Investmentos Ltda. purchased a new stake in StoneCo during the third quarter valued at about $31,695,000. Hsbc Holdings PLC increased its holdings in shares of StoneCo by 2,445.5% in the second quarter. Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock worth $27,151,000 after buying an additional 2,197,495 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of StoneCo in the first quarter worth about $33,139,000. Finally, American Century Companies Inc. purchased a new position in shares of StoneCo in the second quarter worth about $23,483,000. Hedge funds and other 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.