StoneCo (NASDAQ:STNE) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of StoneCo (NASDAQ:STNE) from a buy rating to a hold rating in a research report report published on Monday.

Other research analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of StoneCo from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings restated a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 29th. The Goldman Sachs Group boosted their target price on shares of StoneCo from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Trading Up 2.1%

NASDAQ STNE opened at $19.39 on Monday. The company has a market capitalization of $5.55 billion, a PE ratio of -27.70, a P/E/G ratio of 0.37 and a beta of 1.99. The company has a fifty day moving average of $17.66 and a 200 day moving average of $15.28. StoneCo has a 1 year low of $7.72 and a 1 year high of $19.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. Research analysts forecast that StoneCo will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in shares of StoneCo in the second quarter worth about $29,000. Farther Finance Advisors LLC raised its position in shares of StoneCo by 334.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the last quarter. USA Financial Formulas acquired a new position in shares of StoneCo during the 3rd quarter worth about $55,000. GAMMA Investing LLC raised its position in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock worth $30,000 after purchasing an additional 2,720 shares during the last quarter. Finally, CWM LLC raised its position in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after purchasing an additional 2,416 shares during 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.