StoneCo (NASDAQ:STNE) PT Lowered to $22.00

StoneCo (NASDAQ:STNE) had its price target reduced by stock analysts at Susquehanna from $23.00 to $22.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 43.79% from the company’s previous close.

A number of other research firms have also recently commented on STNE. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. UBS Group cut shares of StoneCo from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Barclays boosted their target price on shares of StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Finally, Citigroup boosted their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, StoneCo currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

StoneCo Trading Up 0.3 %

Shares of StoneCo stock opened at $15.30 on Friday. The firm has a 50-day simple moving average of $16.64 and a two-hundred day simple moving average of $15.36. The company has a market cap of $4.81 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.56 and a beta of 2.34. StoneCo has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. As a group, equities analysts predict that StoneCo will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Accel Wealth Management increased its stake in shares of StoneCo by 16.9% in the 1st quarter. Accel Wealth Management now owns 33,535 shares of the company’s stock worth $557,000 after acquiring an additional 4,850 shares during the last quarter. Diversified Trust Co increased its stake in shares of StoneCo by 7.3% in the 1st quarter. Diversified Trust Co now owns 38,155 shares of the company’s stock worth $634,000 after acquiring an additional 2,608 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of StoneCo in the 4th quarter worth $2,008,000. Virtu Financial LLC acquired a new stake in shares of StoneCo in the 4th quarter worth $572,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of StoneCo by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,465 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,072 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

About StoneCo

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.