Proficio Capital Partners LLC Takes $101,000 Position in StoneCo Ltd. (NASDAQ:STNE)

Proficio Capital Partners LLC purchased a new position in shares of StoneCo Ltd. (NASDAQ:STNE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,664 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STNE. Newbridge Financial Services Group Inc. raised its position in StoneCo by 166.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock worth $51,000 after buying an additional 4,000 shares during the last quarter. KBC Group NV purchased a new position in StoneCo during the fourth quarter worth about $73,000. XTX Topco Ltd acquired a new stake in StoneCo in the third quarter valued at about $167,000. Sanctuary Advisors LLC purchased a new stake in StoneCo in the 3rd quarter valued at approximately $156,000. Finally, Tempus Wealth Planning LLC acquired a new position in StoneCo during the 4th quarter worth approximately $124,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

StoneCo Trading Up 1.0 %

Shares of STNE stock opened at $9.22 on Friday. StoneCo Ltd. has a fifty-two week low of $7.72 and a fifty-two week high of $17.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $10.09. The stock has a market cap of $2.85 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.41 and a beta of 2.33.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STNE. JPMorgan Chase & Co. reduced their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Barclays reduced their target price on StoneCo from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of StoneCo from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.38.

StoneCo 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.