StoneCo (NASDAQ:STNE) Trading Down 5.1% - What's Next?

StoneCo Ltd. (NASDAQ:STNE - Get Free Report)'s share price fell 5.1% on Wednesday . The stock traded as low as $8.89 and last traded at $9.09. 2,153,908 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 4,822,074 shares. The stock had previously closed at $9.57.

Analysts Set New Price Targets

Several research firms have recently weighed in on STNE. 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. The Goldman Sachs Group reduced their price target on shares of StoneCo from $16.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Susquehanna reduced their price target on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating for the company in a report on Wednesday, November 13th. Finally, Citigroup reiterated a "neutral" rating and issued a $9.00 price target (down previously from $19.00) on shares of StoneCo in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $14.38.

StoneCo Price Performance

The company's fifty day moving average is $8.63 and its 200 day moving average is $10.56. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.37 and a beta of 2.25. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.

Institutional Trading of StoneCo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in StoneCo by 254.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,256 shares of the company's stock worth $34,000 after acquiring an additional 3,056 shares in the last quarter. Sterling Capital Management LLC raised its position in StoneCo by 627.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,551 shares of the company's stock worth $36,000 after acquiring an additional 3,925 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company's stock worth $51,000 after acquiring an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of StoneCo in the fourth quarter valued at about $56,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of StoneCo by 31.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,500 shares of the company's stock valued at $59,000 after purchasing an additional 1,800 shares during the period. 73.19% of the stock is 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.