Susquehanna Cuts StoneCo (NASDAQ:STNE) Price Target to $22.00

StoneCo (NASDAQ:STNE) had its target price reduced by Susquehanna from $23.00 to $22.00 in a research report released on Friday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research firms also recently commented on STNE. UBS Group downgraded shares of StoneCo from a buy rating to a neutral rating and increased their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Barclays boosted their target price on StoneCo from $14.00 to $17.00 and gave the stock an equal weight rating in a report on Tuesday, January 16th. The Goldman Sachs Group upgraded StoneCo from a neutral rating to a buy rating and increased their price target for the company from $12.00 to $21.00 in a report on Monday, January 22nd. Finally, Citigroup boosted their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $19.00.

StoneCo Stock Down 0.2 %

STNE opened at $15.27 on Friday. The company has a market capitalization of $4.80 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.56 and a beta of 2.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 1.27. StoneCo has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The business has a 50-day moving average of $16.60 and a 200-day moving average of $15.44.

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

Hedge Funds Weigh In On StoneCo

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in StoneCo in the 4th quarter valued at approximately $58,777,000. JGP Global Gestao de Recursos Ltda. bought a new stake in shares of StoneCo during the third quarter valued at approximately $16,603,000. Robeco Institutional Asset Management B.V. raised its stake in shares of StoneCo by 72.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after purchasing an additional 1,249,463 shares in the last quarter. Azora Capital LP bought a new position in StoneCo in the fourth quarter worth $18,458,000. Finally, Teacher Retirement System of Texas boosted its stake in StoneCo by 28.3% during the third quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock worth $41,943,000 after buying an additional 866,803 shares in the last quarter. 73.19% of the stock is currently 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.