Shares of StoneCo Ltd. (NASDAQ:STNE - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $10.41, but opened at $9.50. StoneCo shares last traded at $9.36, with a volume of 1,517,985 shares.
Analysts Set New Price Targets
STNE has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "underweight" rating and issued a $7.00 target price (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Cantor Fitzgerald upgraded shares of StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. 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. UBS Group upped their price target on StoneCo from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, 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 report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, StoneCo has a consensus rating of "Moderate Buy" and a consensus target price of $16.89.
Check Out Our Latest Stock Report on StoneCo
StoneCo Stock Performance
The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.37 and a beta of 2.29. The company has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $12.29.
Institutional Trading of StoneCo
A number of hedge funds and other institutional investors have recently modified their holdings of STNE. Lazard Asset Management LLC acquired a new stake in StoneCo in the 1st quarter worth about $41,000. Central Bank & Trust Co. bought a new stake in shares of StoneCo in the 2nd quarter worth about $40,000. Y.D. More Investments Ltd grew its stake in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after purchasing an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of StoneCo in the third quarter worth $125,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of StoneCo in the second quarter valued at $135,000. 73.19% of the stock is owned by institutional investors and hedge funds.
About StoneCo
(
Get Free Report)
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.
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