StoneCo (NASDAQ:STNE) Price Target Cut to $19.00 by Analysts at Susquehanna

StoneCo (NASDAQ:STNE - Get Free Report) had its price objective decreased by analysts at Susquehanna from $22.00 to $19.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price target indicates a potential upside of 81.30% from the stock's current price.

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

StoneCo Trading Down 9.6 %

NASDAQ STNE traded down $1.11 on Wednesday, hitting $10.48. 11,538,339 shares of the stock were exchanged, compared to its average volume of 5,110,052. StoneCo has a 52-week low of $10.46 and a 52-week high of $19.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.41 and a beta of 2.29. The company's 50-day moving average price is $11.38 and its two-hundred day moving average price is $12.83.

StoneCo (NASDAQ:STNE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a return on equity of 13.69% and a net margin of 16.02%. The firm had revenue of $615.13 million for the quarter, compared to analysts' expectations of $590.74 million. Research analysts predict that StoneCo will post 1.21 EPS for the current year.

Institutional Investors Weigh In On StoneCo

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in shares of StoneCo in the 1st quarter valued at $41,000. Central Bank & Trust Co. acquired a new position in StoneCo during the 2nd quarter worth $40,000. Y.D. More Investments Ltd lifted its position in StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after acquiring an additional 2,275 shares during the last quarter. Invst LLC bought a new stake in StoneCo in the first quarter valued at about $172,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in StoneCo in the third quarter worth $125,000. Institutional investors and hedge funds own 73.19% of the company's stock.

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.