StoneCo’s (STNE) Neutral Rating Reiterated at Citigroup

Citigroup reissued their neutral rating on shares of StoneCo (NASDAQ:STNE) in a research note released on Thursday, MarketBeat Ratings reports. Citigroup currently has a $9.00 price target on the stock, down from their prior price target of $19.00.

Several other equities research analysts have also weighed in on STNE. JPMorgan Chase & Co. decreased their price objective on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Susquehanna decreased 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. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Barclays reduced their price target on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

StoneCo Stock Performance

Shares of STNE opened at $8.56 on Thursday. The stock has a 50 day moving average of $9.00 and a 200 day moving average of $11.13. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a 12 month low of $7.72 and a 12 month high of $19.46. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.30 and a beta of 2.23.

Institutional Trading of StoneCo

Several large investors have recently added to or reduced their stakes in STNE. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in StoneCo in the third quarter worth $125,000. Point72 Hong Kong Ltd bought a new stake in StoneCo during the second quarter worth about $135,000. Covestor Ltd grew its holdings in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after purchasing an additional 3,878 shares during the period. Sanctuary Advisors LLC bought a new position in shares of StoneCo during the third quarter valued at approximately $156,000. Finally, XTX Topco Ltd purchased a new position in shares of StoneCo during the third quarter valued at approximately $167,000. Institutional investors 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.