StoneCo (NASDAQ:STNE) Given New $19.00 Price Target at Susquehanna

StoneCo (NASDAQ:STNE) had its target price trimmed by Susquehanna from $22.00 to $19.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a positive rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. UBS Group lifted their target price on shares of StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays cut their price objective on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, Morgan Stanley restated an “underweight” rating and set a $7.00 target price (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.40.

StoneCo Trading Down 1.1 %

STNE stock opened at $9.76 on Wednesday. The business’s 50-day moving average is $11.27 and its 200 day moving average is $12.75. StoneCo has a 12-month low of $9.61 and a 12-month high of $19.46. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.37 and a beta of 2.29. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.47.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). StoneCo had a return on equity of 13.92% and a net margin of 16.02%. The firm had revenue of $615.13 million during the quarter, compared to analyst estimates of $590.74 million. On average, sell-side analysts anticipate that StoneCo will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Financial Perspectives Inc increased its stake in StoneCo by 8.4% during the second quarter. Financial Perspectives Inc now owns 14,019 shares of the company’s stock worth $168,000 after acquiring an additional 1,083 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock worth $224,000 after purchasing an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in StoneCo by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock valued at $1,478,000 after buying an additional 1,848 shares during the period. Y.D. More Investments Ltd lifted its position in StoneCo by 90.2% in the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after buying an additional 2,275 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in StoneCo during the first quarter worth about $41,000. 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.