StoneCo (NASDAQ:STNE) Trading Down 4.7%

StoneCo Ltd. (NASDAQ:STNE)’s stock price traded down 4.7% during trading on Wednesday . The stock traded as low as $14.43 and last traded at $14.45. 3,362,591 shares were traded during mid-day trading, a decline of 35% from the average session volume of 5,188,517 shares. The stock had previously closed at $15.17.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup upped their price target on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and upped their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Susquehanna lowered their price target on shares of StoneCo from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, April 19th. Finally, Barclays lowered their price target on shares of StoneCo from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.90.

StoneCo Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50 day moving average price is $16.10 and its 200-day moving average price is $16.28. The firm has a market capitalization of $4.49 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.52 and a beta of 2.39.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, March 18th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $655.87 million during the quarter, compared to the consensus estimate of $468.47 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. On average, research analysts expect that StoneCo Ltd. will post 1.28 EPS for the current year.

Institutional Trading of StoneCo

A number of hedge funds have recently bought and sold shares of STNE. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of StoneCo in the 3rd quarter valued at approximately $143,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of StoneCo by 72.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,428 shares of the company’s stock valued at $773,000 after buying an additional 30,391 shares during the period. Principal Financial Group Inc. grew its stake in shares of StoneCo by 266.4% in the 3rd quarter. Principal Financial Group Inc. now owns 635,411 shares of the company’s stock valued at $6,780,000 after buying an additional 461,984 shares during the period. Private Advisor Group LLC grew its stake in shares of StoneCo by 8.1% in the 3rd quarter. Private Advisor Group LLC now owns 31,545 shares of the company’s stock valued at $337,000 after buying an additional 2,363 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of StoneCo in the 3rd quarter valued at approximately $601,000. 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.