Barclays Lowers StoneCo (NASDAQ:STNE) Price Target to $10.00

StoneCo (NASDAQ:STNE) had its price objective dropped by Barclays from $12.00 to $10.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 5.15% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup reissued a “neutral” rating and issued a $9.00 price objective (down from $19.00) on shares of StoneCo in a research report on Thursday, January 16th. JPMorgan Chase & Co. dropped 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. Finally, Susquehanna lowered their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. One equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.50.

StoneCo Stock Up 7.2 %

NASDAQ:STNE opened at $9.51 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. StoneCo has a one year low of $7.72 and a one year high of $19.46. The company has a market cap of $2.94 billion, a PE ratio of 7.43, a P/E/G ratio of 0.34 and a beta of 2.23. The firm’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $10.89.

Institutional Investors Weigh In On StoneCo

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in 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 during the period. State Street Corp boosted its stake in StoneCo by 51.0% during the third quarter. State Street Corp now owns 7,972,037 shares of the company’s stock valued at $89,765,000 after buying an additional 2,692,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of StoneCo during the 3rd quarter valued at about $9,091,000. Barclays PLC grew its holdings in shares of StoneCo by 170.8% during the third quarter. Barclays PLC now owns 440,682 shares of the company’s stock worth $4,962,000 after purchasing an additional 277,963 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of StoneCo in the third quarter worth approximately $716,000. 73.19% of the stock is owned by hedge funds and other 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.