StoneCo (NASDAQ:STNE) Stock Price Down 5.1% – Should You Sell?

StoneCo Ltd. (NASDAQ:STNE) dropped 5.1% on Wednesday . The stock traded as low as $8.89 and last traded at $9.09. Approximately 2,153,908 shares traded hands during trading, a decline of 55% from the average daily volume of 4,822,074 shares. The stock had previously closed at $9.57.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Susquehanna lowered their target price on 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. lowered their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group cut their target price on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays reduced their price target on shares of StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Citigroup restated a “neutral” rating and set a $9.00 price objective (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, StoneCo presently has a consensus rating of “Moderate Buy” and an average price target of $14.38.

StoneCo Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $10.63. The stock has a market cap of $2.87 billion, a P/E ratio of 7.25, a PEG ratio of 0.37 and a beta of 2.25.

Institutional Trading of StoneCo

A number of large investors have recently bought and sold shares of STNE. Creative Planning grew its holdings in shares of StoneCo by 224.9% in the 3rd quarter. Creative Planning now owns 65,321 shares of the company’s stock worth $736,000 after purchasing an additional 45,218 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of StoneCo by 26.9% during the third quarter. AlphaMark Advisors LLC now owns 24,742 shares of the company’s stock worth $279,000 after buying an additional 5,246 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of StoneCo in the third quarter valued at approximately $125,000. Dupree Financial Group LLC acquired a new position in shares of StoneCo in the 3rd quarter worth approximately $4,240,000. Finally, Tandem Capital Management Corp ADV grew its position in StoneCo by 12.7% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 52,120 shares of the company’s stock worth $587,000 after acquiring an additional 5,888 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

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.