StoneCo (NASDAQ:STNE) Reaches New 1-Year Low – Here’s Why

StoneCo Ltd. (NASDAQ:STNE) reached a new 52-week low during trading on Friday . The stock traded as low as $7.73 and last traded at $7.87, with a volume of 763050 shares. The stock had previously closed at $7.97.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays cut their price target on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Finally, Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.13.

StoneCo Trading Down 2.1 %

The firm has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $11.29. The firm has a market capitalization of $2.41 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.35 and a beta of 2.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On StoneCo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of StoneCo by 51.0% during the 3rd quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after purchasing an additional 2,692,558 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in StoneCo during the third quarter valued at $9,091,000. Barclays PLC grew its holdings in StoneCo by 170.8% in the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after purchasing an additional 277,963 shares during the period. GSA Capital Partners LLP bought a new position in StoneCo during the 3rd quarter valued at approximately $716,000. Finally, BNP Paribas Financial Markets boosted its stake in StoneCo by 313.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 472,758 shares of the company’s stock worth $5,323,000 after purchasing an additional 358,398 shares in the last quarter. Hedge funds and other institutional investors 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.