StoneCo (NASDAQ:STNE) Given New $15.00 Price Target at The Goldman Sachs Group

StoneCo (NASDAQ:STNE) had its price objective decreased by The Goldman Sachs Group from $21.00 to $15.00 in a report released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research analysts also recently commented on STNE. Citigroup increased their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Barclays lowered their target price on shares of StoneCo from $17.00 to $16.00 and set an equal weight rating on the stock in a report on Monday, May 20th. Susquehanna lowered their target price on shares of StoneCo from $23.00 to $22.00 and set a positive rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. upgraded shares of StoneCo from a neutral rating to an overweight rating and set a $20.00 price objective for the company in a research note on Thursday, June 6th. Finally, Evercore ISI reduced their price objective on shares of StoneCo from $25.00 to $23.00 and set an outperform rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $19.56.

StoneCo Trading Down 1.2 %

NASDAQ STNE opened at $11.80 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36. The firm’s fifty day moving average price is $14.36 and its 200 day moving average price is $16.13. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.31 and a beta of 2.36. StoneCo has a 12 month low of $9.34 and a 12 month high of $19.46.

StoneCo (NASDAQ:STNE) last posted its earnings results on Monday, May 13th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $623.12 million for the quarter, compared to the consensus estimate of $633.35 million. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. On average, sell-side analysts expect that StoneCo will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

A number of institutional investors and hedge funds have recently made changes to their positions in STNE. Polunin Capital Partners Ltd increased its stake in StoneCo by 10.5% during the first quarter. Polunin Capital Partners Ltd now owns 3,681,947 shares of the company’s stock worth $61,157,000 after acquiring an additional 350,656 shares during the last quarter. Norges Bank acquired a new position in StoneCo during the fourth quarter valued at approximately $58,777,000. Federated Hermes Inc. increased its position in shares of StoneCo by 4.8% in the fourth quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock worth $49,884,000 after acquiring an additional 125,668 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of StoneCo by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,672,681 shares of the company’s stock valued at $28,518,000 after acquiring an additional 397,101 shares during the period. Finally, UBS Group AG lifted its holdings in shares of StoneCo by 14.5% during the 4th quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after acquiring an additional 253,276 shares in the last quarter. 73.19% of the stock is currently 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.