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

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

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

StoneCo Stock Down 1.1 %

StoneCo stock opened at $9.76 on Wednesday. StoneCo has a fifty-two week low of $9.61 and a fifty-two week high of $19.46. The firm has a 50 day moving average price of $11.27 and a 200 day moving average price of $12.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.36 and a current ratio of 1.42. The company has a market capitalization of $3.02 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.37 and a beta of 2.29.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a net margin of 16.02% and a return on equity of 13.92%. The company had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. Research analysts expect that StoneCo will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in StoneCo by 179.6% during the 1st quarter. SG Americas Securities LLC now owns 108,945 shares of the company’s stock valued at $1,810,000 after purchasing an additional 69,983 shares during the last quarter. ProShare Advisors LLC grew its holdings in StoneCo by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 52,330 shares of the company’s stock worth $869,000 after acquiring an additional 4,146 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in StoneCo during the 1st quarter worth about $33,139,000. Banco BTG Pactual S.A. bought a new stake in StoneCo during the 1st quarter worth about $4,069,000. Finally, Vanguard Group Inc. boosted its stake in shares of StoneCo by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,636,619 shares of the company’s stock valued at $43,794,000 after purchasing an additional 88,256 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

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.