StoneCo (NASDAQ:STNE) Trading Down 4.5%

StoneCo Ltd. (NASDAQ:STNE) shares fell 4.5% during mid-day trading on Friday . The company traded as low as $11.76 and last traded at $11.79. 1,086,789 shares were traded during trading, a decline of 80% from the average session volume of 5,405,337 shares. The stock had previously closed at $12.35.

Analyst Upgrades and Downgrades

STNE has been the topic of several recent research reports. UBS Group increased their price target on shares of StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays lowered their target price on StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Thursday, June 6th. Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, Evercore ISI cut their target price on shares of StoneCo from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

StoneCo Stock Down 5.0 %

The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.44 and a beta of 2.31. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $13.01 and a two-hundred day moving average of $14.25.

StoneCo (NASDAQ:STNE) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The firm had revenue of $615.13 million for the quarter, compared to analysts’ expectations of $590.74 million. As a group, analysts predict that StoneCo Ltd. will post 1.1 EPS for the current fiscal year.

Institutional Trading of StoneCo

Several large investors have recently added to or reduced their stakes in STNE. Central Bank & Trust Co. purchased a new stake in shares of StoneCo in the second quarter worth about $40,000. Lazard Asset Management LLC purchased a new position in StoneCo in the 1st quarter worth approximately $41,000. Benjamin F. Edwards & Company Inc. grew its position in StoneCo by 152.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after acquiring an additional 2,110 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after purchasing an additional 2,275 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of StoneCo during the second quarter valued at approximately $135,000. 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.