StoneCo (NASDAQ:STNE) Sets New 52-Week Low – Time to Sell?

StoneCo Ltd. (NASDAQ:STNE)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $7.73 and last traded at $7.87, with a volume of 763050 shares. The stock had previously closed at $7.97.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Susquehanna lowered their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays decreased their price target on StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.13.

StoneCo Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.35 and a beta of 2.23. The company has a fifty day moving average of $9.29 and a two-hundred day moving average of $11.25.

Institutional Investors Weigh In On StoneCo

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of StoneCo by 327.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,580,679 shares of the company’s stock valued at $17,798,000 after acquiring an additional 1,210,817 shares in the last quarter. Synovus Financial Corp lifted its holdings in StoneCo by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 29,228 shares of the company’s stock worth $329,000 after buying an additional 14,614 shares during the period. Tidal Investments LLC acquired a new position in StoneCo during the 3rd quarter worth about $567,000. Sanctuary Advisors LLC acquired a new position in StoneCo during the 3rd quarter worth about $156,000. Finally, Invst LLC lifted its holdings in StoneCo by 43.1% during the 3rd quarter. Invst LLC now owns 32,759 shares of the company’s stock worth $369,000 after buying an additional 9,867 shares during the period. Institutional investors and hedge funds own 73.19% of the company’s stock.

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.