StoneCo (NASDAQ:STNE) Sets New 52-Week Low on Analyst Downgrade

StoneCo Ltd. (NASDAQ:STNE - Get Free Report) reached a new 52-week low during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $21.00 to $15.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. StoneCo traded as low as $8.82 and last traded at $8.98, with a volume of 423549 shares trading hands. The stock had previously closed at $9.02.

Several other research analysts have also weighed in on STNE. Morgan Stanley reissued an "underweight" rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays lowered their price objective on shares of StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Susquehanna reduced 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. Finally, UBS Group boosted 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.13.

Institutional Trading of StoneCo

A number of institutional investors have recently modified their holdings of STNE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in StoneCo during the third quarter worth $9,091,000. GSA Capital Partners LLP bought a new stake in StoneCo during the 3rd quarter worth about $716,000. BNP Paribas Financial Markets boosted its stake in shares of StoneCo by 313.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 472,758 shares of the company's stock worth $5,323,000 after buying an additional 358,398 shares during the last quarter. Citigroup Inc. boosted its stake in shares of StoneCo by 584.9% during the 3rd quarter. Citigroup Inc. now owns 1,339,972 shares of the company's stock worth $15,088,000 after buying an additional 1,144,341 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of StoneCo in the 3rd quarter valued at about $1,154,000. 73.19% of the stock is currently owned by institutional investors.

StoneCo Trading Down 3.4 %

The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.35 and a beta of 2.21. 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 has a 50-day moving average of $10.45 and a 200-day moving average of $11.85.

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.