StoneCo (NASDAQ:STNE – Get Rating) had its price objective lowered by Wells Fargo & Company from $10.00 to $9.00 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock.
STNE has been the topic of several other research reports. Susquehanna lowered their price target on StoneCo from $28.00 to $20.00 in a report on Monday, July 11th. Susquehanna Bancshares lowered their price target on StoneCo from $28.00 to $20.00 in a report on Monday, July 11th. Finally, The Goldman Sachs Group cut StoneCo from a neutral rating to a sell rating and lowered their price target for the company from $9.80 to $7.80 in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, StoneCo has an average rating of Hold and an average price target of $16.63.
Get StoneCo alerts:StoneCo Stock Performance
Shares of STNE opened at $8.74 on Thursday. The stock's 50-day simple moving average is $9.58 and its 200 day simple moving average is $9.90. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -4.99 and a beta of 2.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.24. StoneCo has a 52-week low of $6.81 and a 52-week high of $44.89.
StoneCo (NASDAQ:STNE – Get Rating) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.14. StoneCo had a negative return on equity of 7.68% and a negative net margin of 36.63%. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the firm posted $0.32 EPS. The company's revenue was up 275.6% compared to the same quarter last year. Research analysts forecast that StoneCo will post 0.2 EPS for the current fiscal year.Hedge Funds Weigh In On StoneCo
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Xponance Inc. grew its position in StoneCo by 4.3% during the 1st quarter. Xponance Inc. now owns 24,317 shares of the company's stock worth $285,000 after acquiring an additional 999 shares during the last quarter. Tortoise Index Solutions LLC grew its position in shares of StoneCo by 13.2% in the 2nd quarter. Tortoise Index Solutions LLC now owns 9,019 shares of the company's stock worth $69,000 after buying an additional 1,053 shares during the last quarter. LPL Financial LLC grew its position in shares of StoneCo by 2.7% in the 2nd quarter. LPL Financial LLC now owns 47,979 shares of the company's stock worth $369,000 after buying an additional 1,262 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of StoneCo by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 81,479 shares of the company's stock worth $953,000 after buying an additional 1,290 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of StoneCo by 75.8% in the 1st quarter. National Bank of Canada FI now owns 3,480 shares of the company's stock worth $41,000 after buying an additional 1,500 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors.
StoneCo Company Profile
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StoneCo Ltd. provides financial technology 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 technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.
Further Reading
- Get a free copy of the StockNews.com research report on StoneCo (STNE)
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