StoneCo (NASDAQ:STNE) Price Target Lowered to $12.00 at Barclays

StoneCo (NASDAQ:STNE - Get Free Report) had its target price dropped by research analysts at Barclays from $13.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential upside of 24.10% from the company's current price.

Other equities analysts have also recently issued reports about the stock. Susquehanna lowered their price target on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research note on Wednesday, November 13th. Cantor Fitzgerald raised shares of StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. UBS Group increased their target price on StoneCo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, Morgan Stanley restated an "underweight" rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, StoneCo has a consensus rating of "Moderate Buy" and a consensus price target of $16.89.

StoneCo Stock Down 0.9 %

StoneCo stock traded down $0.09 during trading on Monday, reaching $9.67. The stock had a trading volume of 4,124,018 shares, compared to its average volume of 5,133,637. The stock has a market cap of $2.99 billion, a PE ratio of 7.55, a P/E/G ratio of 0.34 and a beta of 2.29. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a 52-week low of $9.61 and a 52-week high of $19.46. The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $12.66.

Institutional Trading of StoneCo

Several hedge funds have recently added to or reduced their stakes in STNE. Lazard Asset Management LLC bought a new position in shares of StoneCo in the 1st quarter valued at $41,000. Central Bank & Trust Co. acquired a new position in shares of StoneCo in the 2nd quarter valued at about $40,000. Y.D. More Investments Ltd lifted its stake in shares of StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock valued at $58,000 after purchasing an additional 2,275 shares during the period. Invst LLC acquired a new position in shares of StoneCo in the 1st quarter valued at about $172,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of StoneCo in the 3rd quarter valued at about $125,000. 73.19% of the stock is owned by institutional investors and hedge funds.

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.